Summer Special Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 8w52ceb345

When analysing a market, the availability of substitute products or suppliers is the only competitive...

CIPS L4M2 Full Course Access
CIPS L4M2 View All Questions

When analysing a market, the availability of substitute products or suppliers is the only competitive force to consider. Is this statement correct?

A.

No, availability of substitutes is not a competitive market force

B.

No, other forces include the threat of new entrants and bargaining strength of buyers and suppliers

C.

Yes, substitute products and therefore cost is the source of all competition

D.

Yes, it is the only competitive force relevant to procurement

L4M2 PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now L4M2 pdf
Get 60% Discount on All Products, Use Coupon: "8w52ceb345"
Next
Over the life of a product, which of the following would be considered non-value-adding costs?
Why should procurement professionals develop business case before seeking approval to purchase capital equipment?
Previous