Free L4M5 Mock Exam – Practice Online Confidently

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Exam Code: L4M5
Exam Questions: 386
Commercial Negotiation
Updated: 23 Sep, 2026
Question 1

Economic growth can be measured by...? 

Options :
Answer: B

Question 2

Which of the following should be done by the procurement team at the closing stage of a negotiation? Select TWO that apply.

Options :
Answer: B,E

Question 3

An organisation is developing the specification for a capital purchase project. An important stakeholder has doubt on the draft specification. The buyer invites him to the product function meetings. In these meeting the attendees can raise their concerns, the specification development team takes in all the concerns and adjusts the specification accordingly. What kind of technique is the specification development team using?c 

Options :
Answer: C

Question 4

Which of the following are most likely to be abilities of a person with high emotional intelligence? Select TWO that apply. 

Options :
Answer: B,C

Question 5

Fast & Easy Limited, a global fast food retailer, is in a negotiation with its major meat supplier. The supplier is asking for a 2% price increase, which Fast & Easy is strongly resisting. The supplier justifies this increase by stating that currency fluctuations, an unstable economic climate, and rising transport costs have necessitated this increase. Which influencing tactic is the supplier using?

Options :
Answer: A

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