REAL TEST L4M2 PATTERN - IN 2PASS4SURE

Real Test L4M2 Pattern - in 2Pass4sure

Real Test L4M2 Pattern - in 2Pass4sure

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The L4M2 certification exam is one of the top-rated career advancement certifications in the market. This Defining Business Needs (L4M2) exam dumps have been inspiring beginners and experienced professionals since its beginning. There are several personal and professional benefits that you can gain after passing the CIPS L4M2 Exam. The validation of expertise, more career opportunities, salary enhancement, instant promotion, and membership of CIPS certified professional community.

CIPS L4M2 exam covers a wide range of topics, including the importance of stakeholder analysis, requirements gathering techniques, and how to use various tools and techniques to identify and prioritize business needs. Candidates will also be tested on their ability to create and manage project plans, as well as their knowledge of risk management and change management.

The Defining Business Needs certification exam covers a broad range of topics including the principles of business analysis, stakeholder management, requirements engineering, and business architecture. L4M2 Exam is designed to test the candidate's understanding of these topics and their ability to apply them in real-world scenarios. L4M2 exam is conducted online and consists of 60 multiple choice questions that must be completed within 90 minutes.

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Free PDF Latest L4M2 - Test Defining Business Needs Pattern

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CIPS Defining Business Needs Sample Questions (Q174-Q179):

NEW QUESTION # 174
Which of the following are most likely to increase the buyer's bargaining power?
1. Buyers are price sensitive
2. High set-up cost for new entrants
3. Threat of forward integration is high
4. Threat of backward integration is significant

  • A. 2 and 4 only
  • B. 2 and 3 only
  • C. 1 and 4 only
  • D. 3 and 4 only

Answer: C

Explanation:
Price sensitivity is the degree to which the price of a product affects consumers' purchasing behaviours. Buyer power will be stronger if buying organisation are price sensitive and vice versa.
Backward integration is a form of vertical integration in which a buying organisation expands its role to fulfil tasks formerly completed by businesses up the supply chain. Buyer power is strong if threat of backward integration is high.
Set-up cost is a determinant of threat of new entry. Some industries require very expensive assets in order to make products. The financial risk of entering the industry and not succeeding can deter many potential new entrants. The fewer new entrants, the fewer available substitutes, then the bar-gaining power of buyer can be negatively affected.
Forward integration is a business strategy that involves a form of vertical integration whereby business activities are expanded to include control of the direct distribution or supply of a compa-ny's products. Threat of forward integration is a determinant of supplier's bargaining power.
Reference:
LO 2, AC 2.2


NEW QUESTION # 175
Which of the following events would increase the number of suppliers in a particular market?

  • A. Introduction of minimum wage regulations
  • B. Requirement for all companies to have 10,000 or more employees
  • C. De-regulation of a previously government-run industry
  • D. High and increasing levels of investment required to enter the market

Answer: C

Explanation:
Detailed Explanation:De-regulation removes barriers to entry, encouraging new suppliers to enter the market. Other factors, like high investment or stringent requirements, limit supplier participation. Reference:
CIPS Level 4, Market Entry and Supply Chain Factors.


NEW QUESTION # 176
A buying organisation may not have technical capability to produce a highly complex specification. Which of the following are sources of information that can be used to create the specification? Select TWO that apply

  • A. Standard terms and conditions
  • B. Constitution
  • C. Suppliers' know-how
  • D. Name cards
  • E. Industry standards

Answer: C,E

Explanation:
If an organisation doesn't have capability to produce a technical specification, they can draft one based on standards or consulting the suppliers.


NEW QUESTION # 177
Warwickshire Ambulance Service (WAS) is an NHS Trust. It operates throughout Warwickshire and the neighbouring areas. It has three core areas of activity, namely the provision of Emergency Ambulance Services, routine Patient Transport Services, and Logistic Medical Services. The agency is working towards higher service level through benchmarking. Which of the following is the benefit of benchmarking to WAS?

  • A. It will help WAS analyse the competitors in the industry
  • B. It will help WAS create performance standards derived from an analysis of the best in business
  • C. It helps WAS identify better ways to deliver service through a cookbook process
  • D. Benchmarking is a panacea for all WAS's problems

Answer: B

Explanation:
Benchmarking is 'the pursuit by organisations of enhanced performance by learning from the suc-cessful practices of others. Benchmarking is a continuous activity; key internal processes are adjusted, performance is monitored, new comparisons are made with the current best performers and further changes are explored. Where information about these key processes is obtained through a co-operative partnership with specific organisations (rather than via a third party such as an independently-maintained database), there is an expectation of mutual benefit over a period of time.


Reference:
- The Department of Navy Benchmarking Handbook: A system view
- CIPS study guide page 49-51
LO 1, AC 1.3


NEW QUESTION # 178
Which of the following are typical environmental considerations throughout the contract life cycle? Select the TWO that apply.

  • A. Pollution control
  • B. Modern slavery
  • C. Health and safety
  • D. Inequality
  • E. Waste management

Answer: A,E

Explanation:
All procurement has some level of impact on the environment that needs to be minimised to ensure sustainable procurement practices.
The greatest opportunity to influence environmental outcomes is by selecting products and services with the least ongoing environmental impacts, such as use of water, electricity and fuel, waste/disposal management, and impact on human health over the life of the product or service.
Lifecycle stages that impact on the environment:

Most goods and services will have an element of environment impact in a number of areas. The five main impact areas are listed in the following table.

Source: Buying for Victoria
Reference:
LO 3, AC 3.2


NEW QUESTION # 179
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