L5M7 Downloadable PDF - L5M7 Test Engine Version

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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions (Q43-Q48):

NEW QUESTION # 43
Farmer Joe sells wheat and barley. He charges more when demand is high and less when demand falls. What pricing strategy does he follow?

Answer: A

Explanation:
Dynamic Pricingadjusts prices in real time to reflectmarket demand and supply conditions, commonly used in commodities.
Short cited term: "dynamic pricing - prices adjust to demand fluctuation." (L5M7 Study Guide, p. 189) Reference:CIPS L5M7 Study Guide, p. 189.


NEW QUESTION # 44
Which of the following relationship styles has theleast amount of trust?

Answer: A

Explanation:
Therelationship spectrumshows thattransactional relationshipsare theleast trust-based, focusing on short- term exchanges with minimal collaboration.
Short cited extract: "Transactional - low trust, short-term, low collaboration." (L5M7 Study Guide, p.80) Reference:CIPS L5M7 Study Guide, p.80.


NEW QUESTION # 45
In a typicalSupply Chain Quality Framework (SCQF), which of the following characteristics is likely to feature?
Select THREE.

Answer: A,B,D

Explanation:
TheSCQFintegrates factors that promote long-term excellence across the chain:leadership, stakeholder commitment, sustainability, information management, and continuous improvement. These underpin effective quality and performance.
Short cited term: "key features include sustainability, information and continuous improvement." (L5M7 Study Guide, p. 34) Reference:CIPS L5M7 Study Guide, p. 34.


NEW QUESTION # 46
When analysing a series of data, the number which occurs most frequently is known as what?

Answer: B

Explanation:
TheModeis the value thatappears most oftenin a dataset, distinguishing it from themean(average) and median(middle value).
Short cited term: "mode = most frequent value." (L5M7 Study Guide, p. 149) Reference:CIPS L5M7 Study Guide, p. 149.


NEW QUESTION # 47
A supply chain that has evolved to includemultiple layers of interdependenceon members both upstream and downstream is commonly known as what?

Answer: A

Explanation:
The guide distinguishes a simple chain from a"supply network,"emphasisingmulti-tier interdependencies.
Short extract: "supply networks reflect multiple interdependent tiers." (L5M7 Study Guide, p.4) Reference:L5M7 Study Guide, p.4.


NEW QUESTION # 48
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