Free CIPS L4M6 Practice Exam Questions and Answers 2026

Start Learning with the Newest and 100% Free L4M6 Exam Dumps Questions

Page: 1 / 105

Total 524 Questions | Updated On: Apr 01, 2026

Add To Cart

Question 1

A 'restricted market' is likely to arise when the entry costs for new suppliers are prohibitively high, and levels of market profitability amongst existing suppliers may be relatively low. Is this a true statement?

A : No, entry costs are low in all markets due to technology, and this is increasing profitability significantly

B : Yes, these markets usually have only a small number of competent and capable suppliers

C : No, usually these markets have a regular flow of new suppliers entering them

D : Yes, new entrants are low; however, due to high competition, profit levels are always very high

Answer: B

Question 2

Which of the following are direct ways in which procurement can help to add value to an organisation? Select TWO that apply.

A : Managing quality of input

B : Sourcing from low-cost suppliers who exploit child labour

C : Maintaining relationships with distribution channels and consumers

D : Selecting appropriate suppliers and managing their costs

E : Adopting tactical ploys when negotiating with strategic supplier

Answer: A,D

Question 3

To procure items that have a high impact on your profits and a high risk of supply shortages, what are the most effective strategies to build relationships with your suppliers? Select TWO that apply.

A : Co-destiny relationship

B : Forming purchase consortia

C : Using one-off contract

D : Using online catalogues

E : Strategic relationship

Answer: A,E

Question 4

An IT company is developing and launching a new product to the market. The project requires experts from different divisions of the business. What type of team should run this project?

A : Virtual team

B : Finance team

C : Existing performing team

D : Cross-organisational team

Answer: D

Question 5

Which of the following are stages in team development? Select the THREE that apply:

A : Norming

B : Achieving

C : Forming

D : Presenting

E : Adjourning

F : Grieving

Answer: A,C,E

Page: 1 / 105

Total 524 Questions | Updated On: Apr 01, 2026

Add To Cart