Online Access Free L5M6 Exam Questions

Which category of spend item would be most suitable to purchase through an e-auction?

• A.Strategic
• B.Bottleneck
• C.Leverage
• D.Non-critical

In a marketplace where there is a large number of suppliers, which of the following is true?

• A.Buyer power is strong
• B.There is low rivalry
• C.There is a low barrier to entry
• D.Buyer power is weak

Which of the following approaches to cost is the least transparent?

• A.Cost out
• B.Price management
• C.Price acceptance
• D.Cost down

Which of the following are potential consequences for an organisation which fails to identify and address risk? Select TWO.

• A.Lawsuits
• B.Corruption
• C.Damage to brand image
• D.Financial loss

Which of the following approaches to managing cost, common in Category Management, results in the most reduced costs from suppliers and increased value?

• A.Cost-down
• B.Cost-out
• C.Price management
• D.Price acceptance