Free CIPS L5M6 Practice Test & Real Exam Questions
Polygon Ltd is a buyer of components. Jeff, a Category Manager at Polygon, is analysing buyer strength in this marketplace to determine his procurement strategy. Which of the following would increase buyer strength?
Correct Answer: C
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Which of the following are key components to the success of a CFT (cross-functional team)? Select TWO.
Correct Answer: A,C
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Jonah is a Procurement Specialist responsible for a sub-category of work which includes procuring skilled labour for construction. Sub-categories can also be known as what within a Category?
Correct Answer: C
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'Kaizen' is a Japanese term used frequently in the manufacturing industry. What does it refer to?
Correct Answer: D
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What is the purpose of a Category Board?
Correct Answer: D
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In order for Category Management to succeed, is business commitment and stakeholder buy-in essential?
Correct Answer: B
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BikeFace is a leading manufacturer of bicycles. Which of the following would be considered direct costs for this organisation? Select TWO.
Correct Answer: C,D
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Of the following 4 types of industries, which has the lowest barriers to entry?
Correct Answer: C
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Ted is a potato farmer from Devon. He sells his potatoes to many local customers including restaurants, wholesalers and manufacturers. For one customer, Ted is keen to drive a premium price for his potatoes as he is confident the customer can afford to pay more. What type of customer is this to Ted?
Correct Answer: B
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A new supplier to a marketplace is using break-even pricing to determine the price at which to sell a product.
Which of the following does this type of pricing structure not consider? Select TWO.
Which of the following does this type of pricing structure not consider? Select TWO.
Correct Answer: A,D
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