NEW RELIABLE L4M2 BRAINDUMPS SHEET PASS CERTIFY | HIGH PASS-RATE L4M2 TEST CRAM PDF: DEFINING BUSINESS NEEDS

New Reliable L4M2 Braindumps Sheet Pass Certify | High Pass-Rate L4M2 Test Cram Pdf: Defining Business Needs

New Reliable L4M2 Braindumps Sheet Pass Certify | High Pass-Rate L4M2 Test Cram Pdf: Defining Business Needs

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Tags: Reliable L4M2 Braindumps Sheet, L4M2 Test Cram Pdf, New L4M2 Exam Question, Sample L4M2 Questions, Exam L4M2 Flashcards

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This is a simple and portable document of real CIPS L4M2 Exam Questions. It contains actual CIPS L4M2 exam questions and answers and can be helpful for quick revision or for studying on the go. It is also printable so you can easily study on a hard copy of the pdf having a break from staring.

CIPS L4M2 exam covers various topics related to defining business needs, including understanding the importance of defining business needs, identifying business requirements, analyzing business needs, and communicating business needs to stakeholders. L4M2 exam also tests a candidate's ability to understand different types of requirements, such as functional and non-functional requirements, and how to effectively communicate these requirements to stakeholders.

The Chartered Institute of Procurement and Supply (CIPS) offers a variety of certification exams that are recognized globally as a mark of excellence in the procurement and supply profession. One such certification exam is the CIPS L4M2 (Defining Business Needs) which is designed to help professionals develop a thorough understanding of business needs and how to translate them into effective procurement processes.

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Pass4suresVCE regularly updates Defining Business Needs (L4M2) practice exam material to ensure that it keeps in line with the test. In the same way, Pass4suresVCE provides a free demo before you purchase so that you may know the quality of the L4M2 dumps. Similarly, the CIPS L4M2 practice test creates an actual exam scenario on each and every step so that you may be well prepared before your actual L4M2 examination time. Hence, it saves you time and money. Pass4suresVCE provides three months of free updates if you purchase the CIPS L4M2 questions and the content of the examination changes after that.

The Level 4 Diploma in Procurement and Supply consists of eight units, and one of these units is Defining Business Needs (L4M2). This unit is designed to equip learners with the knowledge and skills required to identify and evaluate business needs, assess the feasibility of solutions, and develop business cases to support decision-making.

CIPS Defining Business Needs Sample Questions (Q227-Q232):

NEW QUESTION # 227
Company A sells a product for $100. The total unit variable costs are $60. Fixed costs as in its ac-count are
$20,000. How many products does the company have to sell to achieve break-even point?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: B

Explanation:
Break even point = Fixed costs/(Price-variable cost). In this case, break even point = 20,000/(100-60) = 500


NEW QUESTION # 228
Product development consists of various stages, including planning and analysis, design develop-ment, pre-production, production and maintenance. At which stages the opportunities for cost re-duction will be the greatest?
1. Planning stage
2. Pre-design stage
3. Detail design stage
4. Production stage
5. Logistics support stage

  • A. 2 and 3 only
  • B. 1 and 4 only
  • C. 1 and 2 only
  • D. 2 and 5 only

Answer: C

Explanation:
Writing a specification and then procuring and using the product or service has a number of stages. The further on in the process you are, the less potential there is for cost reductions. Therefore, opportunities for cost reduction will be greatest in the two first stages: planning stage and pre-design stage.
LO 3, AC 3.1


NEW QUESTION # 229
Which competitive forces influence markets in our modern environment?

  • A. Increased cost in supply and deliveries
  • B. Production companies and relationships
  • C. Bargaining strength of suppliers and buyers
  • D. Manufacturing of goods and services

Answer: C

Explanation:
Detailed Explanation:The bargaining strength of suppliers and buyers is a key factor influencing market competitiveness, as outlined in frameworks like Porter's Five Forces. These forces dictate pricing, supply availability, and value delivery. Reference: CIPS Level 4, Market Analysis and Competitive Forces.


NEW QUESTION # 230
Procurement provides the following information to a business case ...

  • A. Internal recruitment requirements
  • B. Engineering specifications
  • C. Service level requirements
  • D. Estimated costs of bought-in goods

Answer: D


NEW QUESTION # 231
Which of the following areas is specified by ISO/IEC 27001 family?

  • A. The dimensions and associated tolerances for a series of housings for piston seals
  • B. The requirements for an information security management system
  • C. Evaluation and assessment of mutual agreed customer food safety requirements
  • D. The requirements for an environmental management system

Answer: B

Explanation:
ISO/IEC 27001 is widely known, providing requirements for an information security management system (ISMS), though there are more than a dozen standards in the ISO/IEC 27000 family. Using them enables organizations of any kind to manage the security of assets such as financial infor-mation, intellectual property, employee details or information entrusted by third parties.
LO 3, AC 3.1


NEW QUESTION # 232
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