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CIPS Exam L4M4 Topic 3 Question 23 Discussion

Actual exam question for CIPS's L4M4 exam

Question #: 23
Topic #: 3

[All L4M4 Questions]

Added value can be objectively defined. Is this sentence TRUE?

AYes- added value should be assessed along with price

BYes- added value is the same for all organisations

Cno - added value may change from one company to another

Dno- added value is always intangible

Show Suggested Answer

Suggested Answer: C

The correct answer is 'no - added value may change from one company to another'.

Added value is very subjective. What one person thinks is excellent added value, another may not rate highly. For example one buyer may consider a supplier having good brand reputation as added value, but another might not care.

The other no answer is incorrect because added value can be tangible or intangible. Tangible means you can touch and see it and intangible means you can't.

by Latia at Sep 18, 2024, 08:29 PM

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Malcom

2 months ago

Ha! As if any of these answers could be considered 'objective'. Added value is in the eye of the beholder if you ask me.

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Corrie

21 days ago

User 3

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Marylin

29 days ago

User 2

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Adelina

1 months ago

User 1

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Nida

2 months ago

Hmm, I'm not so sure. I feel like D might be the way to go - added value is often quite intangible and hard to measure objectively.

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Tran

2 months ago

D) no- added value is always intangible

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Patrick

2 months ago

C) no - added value may change from one company to another

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Titus

2 months ago

A) Yes- added value should be assessed along with price

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Gary

2 months ago

C) no - added value may change from one company to another

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Tanja

3 months ago

B seems like the right choice to me. Added value is a standardized concept, isn't it?

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Arthur

3 months ago

A) Yes- added value should be assessed along with price

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Gretchen

3 months ago

I think the correct answer is C. Added value can definitely differ between companies based on their offerings and target customers.

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Eura

2 months ago

I think it's important to consider how added value can vary from one company to another.

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Jaime

2 months ago

Yes, added value should be assessed along with price.

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Bambi

2 months ago

I agree, added value is not the same for all organizations.

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Eden

2 months ago

I think the correct answer is C. Added value can definitely differ between companies based on their offerings and target customers.

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Floyd

3 months ago

C) no - added value may change from one company to another

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