Cips examstopics cips Level 4 Diploma In Procurement And Supply L4m2 Reddit Questions by Jad q86 vce pdf

Page: 10 / 17

Exam Name:	Defining Business Needs
Exam Code:	L4M2 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	237 Q&A's	Shared By:	jad

Question 40

Which of the following is the best definition of target costing?

Options:

The net present cost of the purchase or project and all future revenues flowing from it discounted back to the present time.

The total of all costs in acquiring goods or services from the inception of the demand for them until their safe and satisfactory delivery at the point required.

The cost of a product after analysing its components step by step

A product cost estimate derived from a competitive market price.

Discussion

Marley

Hey, I heard the good news. I passed the certification exam!

Jaxson Oct 5, 2024

Yes, I passed too! And I have to say, I couldn't have done it without Cramkey Dumps.

Stefan

Thank you so much Cramkey I passed my exam today due to your highly up to date dumps.

Ocean Aug 31, 2024

Agree….Cramkey Dumps are constantly updated based on changes in the exams. They also have a team of experts who regularly review the materials to ensure their accuracy and relevance. This way, you can be sure you're studying the most up-to-date information available.

Faye

Yayyyy. I passed my exam. I think all students give these dumps a try.

Emmeline Sep 12, 2024

Definitely! I have no doubt new students will find them to be just as helpful as I did.

Alaia

These Dumps are amazing! I used them to study for my recent exam and I passed with flying colors. The information in the dumps is so valid and up-to-date. Thanks a lot!!!

Zofia Sep 9, 2024

That's great to hear! I've been struggling to find good study material for my exam. I will ty it for sure.

Ari

Can anyone explain what are these exam dumps and how are they?

Ocean Oct 16, 2024

They're exam preparation materials that are designed to help you prepare for various certification exams. They provide you with up-to-date and accurate information to help you pass your exams.

Question 41

A company is evaluating two investment projects: Project A and Project B. Project A has a high initial cost but generates substantial cash flows over time. Project B has a lower initial cost but generates modest cash flows consistently. The company's cost model indicates a payback period of three years for Project A and a payback of four years for Project B. Which of the following statements is correct regarding the cost models and cash flow profiling for these projects?

Options:

Project A has a shorter payback period, making it a quicker return on investment compared to Project B

Project A’s higher initial cost is a disadvantage, and its payback period should be extended for better profitability

Project B’s lower initial cost allows for faster profit realisation, making it the better investment choice

Project B’s modest and consistent cash flows make it a risky investment option due to a longer payback period

Discussion

Question 42

When analysing a market, the availability of substitute products or suppliers is the only competitive force to consider. Is this statement correct?

Options:

No, availability of substitutes is not a competitive market force

No, other forces include the threat of new entrants and bargaining strength of buyers and suppliers

Yes, substitute products and therefore cost is the source of all competition

Yes, it is the only competitive force relevant to procurement

Discussion

Question 43

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

Options:

2 and 3 only

2 and 5 only

1 and 2 only

1 and 4 only