CIPS CODE: A7 Exam Name: An Introduction to Purchasing Strategy
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Question: 1 International Advanced Certificate in Purchasing and Supply An Introduction to Purchasing Strategy A7 Instructions for Candidates: This examination is in THREE sections. Section A Has TEN compulsory multiple-choice questions, worth 2 marks each. Section B Has SIX compulsory short-answer questions, worth 5 marks each. Section C Has THREE compulsory longer-answer questions. Questions 17 and 18 are worth 15 marks each. Question 19 is worth 20 marks. 1. Do not open this question paper until instructed by the invigilator. 2. All answers must be written in the answer booklet provided. 3. All rough work and notes should also be written in the answer booklet.
Question: 2 SECTION A Questions 1-10 are multiple choice questions. For each question, select ONE correct answer from A to D and write it in your answer booklet. You are advised to spend approximately 30 minutes on this section.
Question: 3 Q1. Which of the following is the main objective of vendor rating? A. To provide a measurement of performance of a contract B. To make sure that the lowest possible cost is achieved C. To reduce risk to both parties D. To achieve the highest possible quality.
Answer: A
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Q2. The main purpose of a PEST analysis is to identify which of the following? A. The strengths and capabilities of an organization B. The weaknesses of an organization C. The core competences of an organization D. The opportunities and threats presented by the external environment.
Answer: D
Question: 5 Q3. Which of the following, according to Porter, is an area for concern in identifying the competitive position of an organization? A. Economic environment B. Product life cycle analysis C. The extent of rivalry in a market D. Comparative earned value analysis.
Answer: C
Question: 6 Q4. 'Bottleneck' items in the supply positioning model are best described by which of the following? A. Important purchases that are made in a market where there are many suppliers but where the value is high B. Important purchases made in a market where there are few suppliers and the value is low C. Important purchases made in a market where there are few suppliers but the value is high D. Important purchases made in a market where there are many suppliers and the value is low.
Answer: B
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Q5. Which of the following would be most likely to support a successful strategy of narrow differentiation for an organization? A. Offering a standardised product produced at a very low cost B. Offering a standardised product where the brand name had been heavily promoted C. Offering a non-standardised product to satisfy the particular needs of a small market segment D. Offering a non-standardised product to cater for the needs of a wide market segment.
Answer: C
Question: 8 Q6. Which of the following best describes a strategy of 'related diversification'? A. Marketing an existing product in an existing market B. Marketing a new product in an existing market C. Marketing a new product in a new market D. Marketing an existing product in a new market.
Answer: C
Question: 9 Q7. Which of the following tools of analysis is most suited to establishing the targets for an internal cost reduction programme? A. Pareto analysis B. Value chain analysis C. Porters 'five forces' analysis D. Ansoffs analysis.
Answer: A
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Question: 10 Q8. Which of the following best categorises the following definition: 'A way of managing an organization so that every job, every process, is carried out right, first time, every time? A. BS 5750 B. ISO 9000 C. TQM D. FMEA.
Answer: C
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CIPS CODE: A7 Exam Name: An Introduction to Purchasing Strategy
Click the link below to buy full version as Low as $39
http://www.testsexpert.com/A7.html Microsoft
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MCTS 70-336 70-337
CCNA 640-802 640-822 640-816 640-460
IBM Lotus
000-M42 000-M60
AIS
MBS 70-332
CCNP 642-832 642-813 642-825 642-845
000-G01 000-M44
MCAS 77-602
CCSP 642-627 642-637 642-647 642-545
000-444 000-910
MCSE 70-281 70-282
CCIE 350-001 350-018 350-029 350-060
COG-105 COG-185
MCSA 2003 70-620
DATA CENTER 642-972 642-973 642-974 642-975
000-005 000-032
70-323 9L0-063 9L0-010 9L0-517 HP2-E53 70-321 650-179 1Y0-A20 00M-646 MB2-876 646-206 9L0-314 MB6-884 220-701 650-196 3305 MB6-871 HP2-Z22 9L0-407 9A0-146 HP2-H23 000-184 1Z0-527 HP2-B91 000-781 M70-201 M70-101 7004 HP3-X11 HP3-X08
70-462
98-361
MB3-861
77-601 77-604 70-284
70-461 70-680
70-463
MB3-862
77-605 70-285
70-291
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000-M41 000-M62
IBM Mastery
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HP0-311
HP0-M28
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HP0-M30
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000-640 000-913 COG-180 COG-200
IBM Specialist
000-015 000-042
HP0-066 HP0-781
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HP0-090 HP0-277
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