Which of the following describes differentiation as a method of competitive advantage?
A company that sets out to be the lowest-cost producer in the market
A company that will seek to be unique in a way that is valued by buyers
A company producing a standard or budget cost product
A company producing a product that attracts a premium price charge
When outsourcing, which legislation details the rights of employees who may find themselves now working for the outsourcing company?
Which of the following relationship types require the most investment from the buyer?
You work at XYZ manufacturers and a competitor has just released a rival washing machine to the product that you make. This model is proving popular with customers. What competitive force is at play?
‘tail spend’ is a common category used in procurement and describes a category of items. What characteristics do theses items have?
A restricted market is a market where there are only a small number of capable and competent suppliers. Which of the following is not a reason for a marketplace to be restricted?
TESTED 16 Jun 2025
