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CIPS Level 4 Diploma in Procurement and Supply Commercial Negotiation

Commercial Negotiation

Last Update Apr 2, 2025
Total Questions : 275

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Questions 2

Which of the following is a true statement regarding macroeconomic factors and their potential impact on negotiations?

Options:

A.  

Macroeconomic factors always directly influence the negotiations

B.  

Expectations on macroeconomic prospect are always correct

C.  

Changes in macroeconomic factors may affect businesses and individuals differently

D.  

Macroeconomic factors cannot be influenced by anyone's expectation or sentiment

Discussion 0
Questions 3

Which of the following should be done by the procurement team at the closing stage of a negotiation? Select TWO that apply.

Options:

A.  

Gloat publicly about the deal

B.  

Seek agreement in principle if TOP does not have the final authority

C.  

Tell TOP that they could have got a better deal

D.  

Accept ambiguity or uncertainty

E.  

Leave the meeting as soon as possible

Discussion 0
Questions 4

SBL provides contract bathroom furniture and fittings for a wide variety of domestic and commercial clients. To some suppliers, SBL spend claims a large portion of their revenue. But SBL is famous for imposing draconian obligations on these suppliers. Which of the following is most likely to be overarching objective of these suppliers to SBL?

Options:

A.  

Charge a higher price to compensate for all the pain SBL has put

B.  

Win and keep business with SBL at any costs, even without profits

C.  

Drop the business with SBL immediately

D.  

Hold on and keep SBL happy but make sure that the business is profitable

Discussion 0
Questions 5

Which of the following method should be used in negotiation if both parties want to communicate verbally and non-verbally without having to meet face-to-face?

Options:

A.  

Web conferencing

B.  

Telephone

C.  

Teleconferencing

D.  

In-person meeting

Discussion 0
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