Question 1

Sandra is a buyer for a large supermarket and has been increasing unhappy with the performance of a longterm supplier of bananas. Over time the deliveries have become unreliable and this has had impacts on the supermarket’s profitability. What should Sandra do first?

Options :

A : Obtain business approval to terminate the contract

B : Develop an exit strategy

C : Review the market and look for an alternative supplier

D : Give written notice to the supplier of plans to terminate

Answer: A

Question 2

Letter 'E' in STEEPLE stands for...? Select THREE that apply.

Options :

A : Ethnical

B : Electronic

C : Emotional

D : Economic

E : Ethical

F : Environmental

Answer: A,D

Question 3

Which of the following is not a type of tender process used in the Public Sector?

Options :

A : Restricted

B : Competitive Procedure with Negotiation

C : Competitive Dialogue

D : Unrestricted

Answer: D

Question 4

Innovation is a key consideration when entering into a partnership. Is this statement true?

Options :

A : Yes- joint innovation projects are often a strong motivation for entering into a partnership

B : Yes- innovation is the only reason to enter into a partnership

C : No- the key consideration when entering a partnership is cost reduction

D : No- innovation is best achieved in a contractual relationship where KPIs can be monitored closely.

Answer: A

Question 5

What kind of market will have the least obstacles for new entrants?

Options :

A : Monopolistic competition

B : Monopoly

C : Perfect competition

D : Oligopoly

Answer: C

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