CIPS L4M5 (Commercial Negotiations) LO2
QUESTIONS AND ANSWERS.
what is the mark-up?
Correct Answer -the amount added to the cost of an item to get to its
selling price and is expressed as a percentage
what is the margin?
Correct Answer -the amount added to the cost of an item expressed as a
percentage of the selling price.
how would you work out the mark-up?
Correct Answer -(price - cost)/cost x 100
how would you work out the margin?
Correct Answer -(price - cost)/price x 100
what is procure to pay?
Correct Answer -the system that connects the steps of the procurement
process - from obtaining the raw materials through to making the payment
what are saving levers and tactics?
Correct Answer -- volume concentration
- demand management
- best price evaluation
- global sourcing
- specification improvement
- joint process improvement

No comments found.

jordancarter 6 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

A. You will receive a PDF that is available for instant download upon purchase. The document will be accessible to you at any time, from anywhere, and will remain available indefinitely through your profile.

A. Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

A. you are buying this document from us learnexams

A. No, you only buy these notes for $ indicated . You are not obligated to anything after your purchase.

A. check our reviews at trustpilot

Add To Cart

Buy Now