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L4M2 dumps questions answers

CIPS L4M2 Dumps

Exam Code:
L4M2
Exam Name:
Defining Business Needs
Last Update: Jul 13, 2024
144 Questions with Explanation
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Defining Business Needs Questions and Answers

Questions 1

Halfords is a major bicycle and car parts retailer with long history in the market. Its suppliers are plentiful and there is no threat of forward integration. Some other smaller retailers are applying 3D-printing technology to make personalized bicycle parts but their market share is relatively low. 3D-printing technology is an example of which competitive force?

Options:

A.

Bargaining power of buyer

B.

Threat of substitute

C.

Rivalry within the industry

D.

New entrants may enter the market

Questions 2

What will be the result of retaliation between business rivals in an industry?

Options:

A.

Higher exit barrier

B.

More new entrants

C.

Lower profit

D.

Greater bargaining power of suppliers

Questions 3

Which of the following provides in-depth detail for both functional and non-functional require-ments and covers assumptions, constraints, performance, dimensions, weights and reliability of a product?

Options:

A.

Performance specification

B.

Tolerance

C.

Statement of work

D.

Design specification