Free Sep-2025 L4M6 Certification Sample Questions certification Exam [Q60-Q74]

NEW QUESTION 60
In a monopoly market, which of the following statements is true?

NEW QUESTION 61
Which of the following are typical drivers for a partnership between the buyer and the supplier? Select the THREE that apply.

NEW QUESTION 62
An IT company is developing and launching a new product to the market. The project requires experts from different divisions of the business. What type of team should run this project?

NEW QUESTION 63
Which of the following are correct statements with regards to a joint venture and with regards to a strategic alliance? Select TWO that apply.

NEW QUESTION 64
When developing a supplier partnership, a buyer can take either a strategic or reactive approach. What would be a reason for a reactive approach?

NEW QUESTION 65
A restricted market is a market where there are only a small number of capable and competent suppliers. Which of the following is not a reason for a marketplace to be restricted?

NEW QUESTION 66
When using portfolio analysis, in which segment would you place a product with high expenditure, potentially provided by a large number of suppliers?

NEW QUESTION 67
Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will be against it. He doesn’t think the CEO will have a strong opinion either way. In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?

NEW QUESTION 68
The Queen Victoria is a traditional British pub which serves a range of alcoholic beverages. It has a partnership relationship with a local brewery which supplies several types of beer and cider. Logistics is a key concern for the Queen Victoria as deliveries must be made when there is room in the cellar to store the barrels of beer and cider. In what ways could the logistics risk be reduced?

NEW QUESTION 69
Richie has come up with a new idea for sourcing items for the business but feels that it will have mixed reviews within the team. He thinks that some people will be in favour of the idea, and some will be against it.
He doesn’t think the CEO will have a strong opinion either way. In order to decide whether to put a business case together and present his idea to the CEO- what should Richie do?

NEW QUESTION 70
Which of the following are advantages for the buyer of early supplier involvement with the buyer’s product development team?

NEW QUESTION 71
In the public sector, there are many sources of information that a buyer can use to identify a suitable supplier.
Which of the following could be used? Select THREE

NEW QUESTION 72
A confectionery company has a portfolio of different items to sell. Their most popular product is the chocolate brownie cake, but they have begun to trial sales of cereal bars, granola cereal, and chewing gum. As a high- quality producer in a competitive market, the company requires effective supplier sourcing arrangements.
Which ONE of the following product lines would be the most suitable for partnership sourcing?

NEW QUESTION 73
Robbie is a procurement manager at a public sector organisation. He is running a tender which is worth £2m and so will advertise this on OJEU. His manager has reminded Robbie to include CPV codes on the tender.
What purpose would this serve?

NEW QUESTION 74
A buyer is seeking to set up an agreement for one year for the purchase of paper. They complete a tender exercise and supplier X wins the contract, and all other suppliers are told that they will not be needed for the next 12 months. Where would the buyer place supplier X on the relationship spectrum?