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L4M5 Exam Dumps - Commercial Negotiation

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Question # 41

A purchasing organisation wants a Win-Win (integrative) solution in negotiations with a key supplier. Which TWO approaches would be appropriate?

A.

Collaboration

B.

Problem solving

C.

Coercion

D.

Persuasion

E.

Transfer of risk

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Question # 42

Hammad Alsuwaidi is a procurement professional leading a negotiation for a vehicle rental contract. Hammad has a clear goal to negotiate a two-year contract in exchange for a minimum of a 20% discount. During the negotiation, Hammad presents to the supplier the facts, figures, and justification for a 20% discount. Which of the persuasion methods below has Hammad chosen?

A.

Push

B.

Visionary

C.

Pull

D.

Collaborative

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Question # 43

Which of the following would describe a push approach to influencing?

Exerting power or authority

Extensive use of open questioning

The party being influenced is fully aware of the process occurring

The party being influenced may not be aware of the process happening

A.

1 and 2 only

B.

3 and 4 only

C.

1 and 3 only

D.

2 and 4 only

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Question # 44

The procurement manager of a private healthcare provider is running an IT project. Who are the stakeholders?

General public

Pharmaceutical suppliers

Senior Management

Software support developers

A.

1 and 3 only

B.

2 and 4 only

C.

3 and 4 only

D.

1 and 2 only

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Question # 45

Any commercial negotiation process has only three potential stakeholders: procurement, the budget holders, and the users. Is this TRUE?

A.

Yes, and the budget holder is the most important one because of the finances involved

B.

Yes, the role of procurement is to ensure that the technical specifications are fit for purpose

C.

No, only procurement, the user, and suppliers have an interest in the products negotiated

D.

No, other stakeholders, such as directors, and IT might also be interested in the negotiation outcomes

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Question # 46

Sunita’s supplier states: “Meeting your needs is meeting my needs because we are in this together.” What type of negotiation is being undertaken?

A.

Adversarial negotiation

B.

Distributive negotiation

C.

Lose-lose negotiation

D.

Integrative negotiation

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Question # 47

Which of the following is potentially a major source of conflict?

A.

Power imbalance

B.

Information gathering

C.

Shared goals and values

D.

Teamwork

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Question # 48

During a negotiation, Jose Gomez, the salesperson for a strategic supplier, states that his sales director will not approve discounts against initial purchases. However, Jose offers a 5% discount against the aftercare package, which will provide the same monetary saving. Sally Pampas requires both the product and the aftercare package and has an objective to achieve a 5% discount off the purchase price. To achieve a win-win (integrative) negotiation, Sally should:

A.

Ask Jose to apply the 5% discount against the purchase price

B.

Decline the offer and walk away from the negotiation

C.

Ask Jose to apply a discount against the price

D.

Accept the offer of a discount against the aftercare package

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