Free CIPS L5M6 Practice Test & Real Exam Questions
According to studies completed by Reeves, Moose and Venema in 2014, which of the following was proven to be true with regards to the BCG matrix?
Correct Answer: C
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Francis is a Category Manager within a large agricultural company which has over 10 categories. He believes that the Category with the largest spend (in £) is the most important category to the business. Is he correct?
Correct Answer: D
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
In a marketplace where there is a large number of suppliers, which of the following is true?
Correct Answer: D
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Joe is a Category Manager at an automobile company. Which of the following would be the best way to decide on categories in this industry?
Correct Answer: A
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Which of the following approaches to cost is the least transparent?
Correct Answer: C
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
A list of direct costs within a manufacturing organisation could be found on which of the following?
Correct Answer: B
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
High exit barriers in a marketplace mean that rivalry between suppliers is low. Is this statement TRUE?
Correct Answer: C
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Callie is a Category Manager at a car parts manufacturer. She discovers through a SWOT analysis that many other customers are increasing short-term demand for raw materials. Which category does this fall under?
Correct Answer: A
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Which of the following approaches to managing cost, common in Category Management, results in the most reduced costs from suppliers and increased value?
Correct Answer: A
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Sarah is a Category Manager at a shoe manufacturer. She works with a key supplier of raw materials [leather and rubber] and is using a cost-out approach. Which type of relationship is most suited to this approach?
Correct Answer: A
Vote an answer
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
