Free L4M5 Mock Exam – Practice Online Confidently

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Exam Code: L4M5
Exam Questions: 386
Commercial Negotiation
Updated: 15 Jul, 2026
Question 1

Which of the following are most likely to harm trust between buyer and supplier in a commercial relationship? Select TWO that apply.

Options :
Answer: A,D

Question 2

A procurement manager has decided to bring in a junior member of their team to a negotiation meeting.

Which of the following would be suitable roles for this junior member of the team?

Note taker

Expert

Observer

Chair

Options :
Answer: B

Question 3

A new manager has been appointed with responsibility for an organisation's category which has major impact on organisational cost base and there are little competitions in the supply market. They have an objective to improve supplier cost structures over time. Which of the following should they carry out first?

Options :
Answer: A

Question 4

A procurement professional is dissatisfied with how a recent negotiation was concluded. What could they do

to improve their negotiation approach?

Seek feedback from the supplier on their recent performance

Prepare for all negotiations with a WIN/LOSE (distributive) approach

Involve lots of people in future negotiations

Undertake reflective practice after each negotiation

Options :
Answer: C

Question 5

Listening is a key activity in any negotiation. Which of the following are characteristics of effective listeners? 

Options :
Answer: C

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