Free CIPS L4M2 Exam Questions

A food manufacturer wants to predict the pricing point for a new and innovative health drink. Which method of market research would be beneficial to receive the most accurate information?

A supplier of software has received a request to quote for a product. The software supplier considers that the buying organisation making the request provides relatively little benefit or alignment to their own strategy. Which one of the following options describes how the supplier might react to the buyer?

Housing Ltd is inviting a number of contractors to a tender for the construction of a commercial building. In the attachment to the invitation to tender, there is a document which describes the required materials and installation methods. This document is known as...?

When developing a business case for a new product, a procurement department must consider... 

Which of the following factors would mean a buyer had high bargaining power in a competitive market? Select TWO that apply.