CIPS L4M5 EXAM DUMPS OFFERS EXAM PASSING MONEY BACK GUARANTEE

CIPS L4M5 Exam Dumps Offers Exam Passing Money Back Guarantee

CIPS L4M5 Exam Dumps Offers Exam Passing Money Back Guarantee

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Tags: L4M5 Dumps Questions, L4M5 Reliable Exam Blueprint, L4M5 Test Discount Voucher, Reliable L4M5 Exam Sims, L4M5 Actual Test Answers

The CIPS L4M5 certification exam is one of the hottest and career-oriented Commercial Negotiation (L4M5) exams. With the Commercial Negotiation (L4M5) exam you can validate your skills and upgrade your knowledge level. By doing this you can learn new in-demand skills and gain multiple career opportunities. To do this you just need to enroll in the CIPS L4M5 Certification Exam and put all your efforts to pass this important CIPS L4M5 Exam Questions.

CIPS L4M5: Commercial Negotiation is a highly-revered examination that tests the candidate's knowledge in the art of commercial negotiations. L4M5 Exam is designed to evaluate the candidate's capacity to carry out successful negotiations and drive profitable outcomes. As a module within the Chartered Institute of Procurement and Supply's (CIPS) Level 4 qualification course, it is primarily aimed at procurement professionals and individuals who are looking to advance their careers in this field.

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Free PDF Quiz 2025 Authoritative CIPS L4M5: Commercial Negotiation Dumps Questions

Users can start using the product of TestSimulate instantly after purchasing it, so they can start preparing for CIPS certification test quickly. Three formats are being provided to customers so that they can access them in every possible way according to their needs. After discussing it with many CIPS professionals and getting their positive feedback, the study material has been made. Many exam applicants have used the prep material and rated it the best because they have passed the CIPS L4M5 Certification Exam in a single try.

CIPS L4M5 Exam is suitable for procurement professionals at all levels, from entry-level buyers to senior procurement executives. It is particularly relevant for individuals who are responsible for managing complex procurement projects, negotiating large-scale contracts, or dealing with high-value purchases. Commercial Negotiation certification is also well-suited for individuals who work in industries where negotiation skills are critical, such as construction, engineering, and manufacturing.

CIPS Commercial Negotiation Sample Questions (Q220-Q225):

NEW QUESTION # 220
If the price of a good is above the equilibrium price, which of the following will happen?

  • A. There is a surplus (i.e. an excess supply) and the price will fall
  • B. The quantity demanded is equal to the quantity supplied and the price remains unchanged
  • C. There is a surplus (i.e. an excess supply) and the price will rise
  • D. There is a shortage (i.e. an excess demand) and the price will fall

Answer: A

Explanation:
:
In microeconomics, equilibrium price is determined when the quantity demanded is equal to the quantity supplied at equilibrium price in a market, there will be no shortages and no surpluses. If we combine our supply and demand curves on one graph, the point at which they converge determines the equilibrium price. If the price is set above this price and you read across the graph you will see the supply excess demand and there will be a surplus. In order to reduce this surplus, the price will need to fall. The scenario is illustrated in the graph below:
Chart, line chart Description automatically generated


NEW QUESTION # 221
Using emotion as a technique of persuasion is ethical. Is this a true statement?

  • A. No, because it's not the best route to enhance relationships
  • B. Yes, because it may appeal to the supplier's goodwill
  • C. Yes, because use of emotion will always lead to agreement
  • D. No, because emotions should not be involved in business agreements

Answer: D


NEW QUESTION # 222
Which of the following is NOT a barrier to entry in a monopolized market?

  • A. The costs of production make a single producer more efficient than a large number of producers
  • B. A single firm is very large
  • C. A key resource is owned by a single firm
  • D. The government gives a single firm the exclusive right to produce some good

Answer: B

Explanation:
Monopolies exist in many markets in real life for very different reasons:
Ownership of a Key Resource: When one company exerts sole control over a resource that is necessary for the production of a specific product, the market may become a monopoly. For example, the only medication deemed acceptable to treat a disease comes from a particular ingredient X, and knowledge of this ingredient X is owned by a single family owned company. The company can, therefore, be said to have a monopoly over ingredient X that is needed to cure the disease because it is the only company that can produce a product deemed acceptable.
Government Franchise: In certain instances, a monopoly may be explicitly created by the government if it grants a single company, whether private or government-owned, the right to conduct business in a particular market. For example, when a national railways transportation service is created by the government, in most cases they are granted a monopoly on the operation of passenger trains in the country. As a result, other firms are only able to offer passenger train services with the cooperation and/or permission of the government- owned provider.
Intellectual Property Protection: Extending intellectual property protection to a company in the form of patents and copyrights is yet another way in which monopolies are created. When a government does this, it is in fact giving a single company an exclusive right to provide a particular product / service to the market.
Patents and copyrights work in providing owners of intellectual property with the right to act as an exclusive provider of a new product for a specific length of time. This creates a temporary monopoly in the market with regards to new products and services.
Natural Monopoly: A market may also become a monopoly simply because it may be more cost-effective for one company to serve the whole market than to have several smaller firms in competition with one another. A company with virtually unlimited economies of scale is referred to as a natural monopoly. Such firms become monopolies due to their position and size, which makes it impossible for new entrants in the market to compete price-wise. Natural monopolies are common in industries with high fixed costs and low marginal costs of operation such as providers of television, telephone, and internet services.
In this question, 'A single firm is very large' is not enough to tell whether this market is monopolistic.


NEW QUESTION # 223
If the price of a good is above the equilibrium price, which of the following will happen?

  • A. There is a surplus (i.e. an excess supply) and the price will fall
  • B. The quantity demanded is equal to the quantity supplied and the price remains unchanged
  • C. There is a surplus (i.e. an excess supply) and the price will rise
  • D. There is a shortage (i.e. an excess demand) and the price will fall

Answer: A

Explanation:
In microeconomics, equilibrium price is determined when the quantity demanded is equal to the quantity supplied at equilibrium price in a market, there will be no shortages and no surpluses. If we combine our supply and demand curves on one graph, the point at which they converge determines the equilibrium price. If the price is set above this price and you read across the graph you will see the supply excess demand and there will be a surplus. In order to reduce this surplus, the price will need to fall. The scenario is illustrated in the graph below:
Chart, line chart Description automatically generated


NEW QUESTION # 224
Which of the following will positively affect reputational strength of an organisation? Select TWO that apply.

  • A. High ethical standards
  • B. Great gap between reputation and reality
  • C. Adopting out-of-date technology
  • D. Strong customer focus
  • E. Weak internal coordination

Answer: A,D

Explanation:
Explanation
In a globalisedcommercial world characterised by dynamic market and multiple companies competing for business, a positive corporate reputation can be an enormous asset. Reputational strength in one organisation might be based on some or all of the following characteristics:
- Quality of products or services
- Low cost/high value for money
- High ethical standards
- Reliability
- Cutting-edge technology
- Strong customer focus
- Engineering excellence
LO 1, AC 1.4


NEW QUESTION # 225
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