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[General] CIPS L4M2 Authentic Exam Hub, L4M2 Valid Test Discount

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【General】 CIPS L4M2 Authentic Exam Hub, L4M2 Valid Test Discount

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CIPS L4M2 (Defining Business Needs) Certification Exam is a comprehensive certification program that is designed to equip professionals with the knowledge, skills, and competencies required to effectively define business needs in different organizational settings. Defining Business Needs certification exam focuses on providing participants with a deep understanding of the tools, techniques, and methodologies that are used in business analysis to identify, analyze, and define business needs.
Pass Guaranteed 2026 CIPS L4M2: Defining Business Needs –High Hit-Rate Authentic Exam HubAs you know, the L4M2 certificate is hard to get for most people. But our L4M2 study guide will offer you the most professional guidance. As old saying goes, opportunities are always for those who prepare themselves well. In the end, you will easily pass the L4M2 Exam through our assistance. Then you will find that your work ability is elevated greatly by studying our L4M2 actual exam. In the end, you will become an excellent talent.
CIPS L4M2 course is suitable for procurement professionals who are responsible for defining business needs within their organization. It is also suitable for those who are looking to develop their knowledge and skills in procurement and supply chain management. L4M2 course is designed to be flexible, allowing candidates to study at their own pace and in their own time.
CIPS L4M2 exam is a comprehensive exam that requires candidates to demonstrate their knowledge and skills across a range of areas. L4M2 Exam is divided into two parts: a multiple-choice section and a case study section. The multiple-choice section tests the candidate's knowledge of the key concepts and principles related to defining business needs, while the case study section tests their ability to apply these concepts in a practical setting.
CIPS Defining Business Needs Sample Questions (Q217-Q222):NEW QUESTION # 217
Which of the following are considered as direct costs in a construction company? Select TWO op-tions
  • A. Raw materials
  • B. Advertising and marketing communication
  • C. An employee is hired to work on a project, either exclusively or for an assigned number of hours
  • D. The materials and supplies needed for the company's day-to-day operations.
  • E. Clerical assistants who maintain the office
Answer: A,C
Explanation:
Direct costs are directly associated with the production of a good or service. In this question, 'An employee is hired to work on a project, either exclusively or for an assigned number of hours' and 'Raw materials' are directly related to producing the product.
Indirect costs are the general costs of the organisation - these costs cannot easily be attributed to specific products or services (also known as overheads). 'The materials and supplies needed for the company's day-to- day operations' or 'Clerical assistants who maintain the office' or 'Advertising and marketing communication' is example of indirect cost.
Reference: CIPS study guide page 25-26
LO 1, AC 1.2

NEW QUESTION # 218
Which of the following are typical social considerations throughout the contract life cycle? Select the TWO that apply.
  • A. Using recycled materials
  • B. Support small local businesses
  • C. Minimizing use of non-renewable resources
  • D. Managing waste
  • E. Health and safety
Answer: B,E
Explanation:
The following are typical social criteria in procurement:
* Reducing unemployment
* Preventing the use of child labour
* Preventing discrimination on the grounds of race, religion, disability, sex or sexual orientation
* Encouraging good employment practice
* Reducing local unemployment
* Reducing social exclusion
* Promoting training opportunities for the young or disadvantaged
* Encouraging access to work for people with disabilities
Reference: CIPS study guide page 137
LO 3, AC 3.2

NEW QUESTION # 219
Which of the following are primary sources of market data for costs and prices? Select TWO that apply.
  • A. Published economic indices
  • B. Price comparison website
  • C. Trade fairs
  • D. Supplier marketing communications
  • E. Industry press
Answer: C,D

NEW QUESTION # 220
Dana is an automobile manufacturer. It has a new electrification strategy that aims at making eco-friendly electric pick-up trucks. To implement this strategy, the procurement department must source new categories of parts that make motors, sensors, solenoids and stators. He starts to analyse the market by identifying specific supply market segments for those parts and finding suppliers who have the best capabilities in those segment. He intends to segment the market based on specific features of the products. Which variable is used by Dana procurement manager to shape and manage supply market?
  • A. Channel segments
  • B. Product segments
  • C. Buyer segments
  • D. Geographical segments
Answer: B
Explanation:
In sales and marketing, market segmentation is the process of trying to understand clusters of cus-tomers in terms of their buying behavior and their buying characteristics. There are some traditional segmentation approaches: geography, demography, types of industry and the benefits. Then there are newer segmentation approaches: behavioral, situational, and psychographic.
Procurement professionals can learn market segmentation from sales and marketing. Segmenting the market can help them to shape and manage the supply market effectively. According to Michael Porter, a market can be segment with array of products and buyers.

Source: Porter, Michael E.. Competitive Advantage: Creating and Sustaining Superior Performance (p. 234). Free Press. Kindle Edition.
In the scenario, the products that Dana needs to source is distinct in their features. The best way is to segment the market by product varieties.
Reference:
LO 2, AC 2.1

NEW QUESTION # 221
Alexander has identified that he wishes to use a performance-based specification for the purchase of a new HR staffing scheduling system. Was this the correct course of action?
  • A. No, because technology is changing rapidly
  • B. No, because there are clear objective criteria for evaluating alternative solutions
  • C. Yes, because suppliers have greater technical knowledge than the buying organisation
  • D. Yes, because a specific blueprint is necessary for functional requirements
Answer: C

NEW QUESTION # 222
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