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Last Update May 24, 2024
Total Questions : 144

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Last Update May 24, 2024
Total Questions : 144

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Defining Business Needs

Last Update May 24, 2024
Total Questions : 144

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Defining Business Needs Questions and Answers

Questions 1

Housing Ltd is inviting a number of contractors to a tender for the construction of a commercial building. In the attachment to the invitation to tender, there is a document which describes the re-quired materials and installation methods. This document is known as...?

Options:

A.

Functional specification

B.

Prescriptive specification

C.

Drawings

D.

Performance specification

Questions 2

At which stage of product life cycle, price competition between sellers will be the most intense?

Options:

A.

Growth stage

B.

Introductory stage

C.

Maturity stage

D.

Decline stage

Questions 3

Which of the following is a challenge of making a business case for straight re-buys?

Options:

A.

Terms and conditions

B.

Research of procurement process

C.

Effective inventory control

D.

Identifying suitable suppliers