CIPS Exam L4M5 Topic 4 Question 51 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 51
Topic #: 4

[All L4M5 Questions]

A procurement professional is preparing for a negotiation with supplier. She is setting targets for price which her company is seeking to achieve. Which of the following acronyms can help her identify limits before engaging in the negotiation?

AMIL

BRAQSCI

CTIMWOOD

DPPCA

Show Suggested Answer

Suggested Answer: B

The following graph shows the factors that shift the supply curve to the left and to the right.

- CIPS study guide page 103

- Principles of Microeconomics 2e, 2017, Open Stax - Rice University.

LO 2, AC 2.2

by Karl at Dec 21, 2023, 08:11 AM

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Matt

10 days ago

I think TIMWOOD could also be helpful in setting targets for price before negotiation.

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Adelina

11 days ago

I disagree, I believe the acronym RAQSCI would be more useful in this situation.

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Zona

12 days ago

I think the acronym MIL can help her set limits.

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Desirae

14 days ago

I think the answer is C) TIMWOOD because it helps in setting limits before negotiation.

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Willie

19 days ago

Hmm, RAQSCI seems like the way to go here. Gotta set those limits before the big negotiation!

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Mel

21 days ago

I disagree, I believe the answer is B) RAQSCI.

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Denae

24 days ago

I think the answer is A) MIL.

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