CIPS Exam L4M5 Topic 7 Question 41 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 41
Topic #: 7

Which of the following are macroeconomic factors that may have influence to the commercial negotiation? Select TWO that apply

AEquilibrium price

BSupply curve

CUnemployment rate

DBargaining power of supplier

ERising import tariffs

Show Suggested Answer

Suggested Answer: C, E

There are many macro economic factors that could influence procurement in general and commercial negotiation in particular. Below are six factors that are agreed to be fairly significant:

* Economy growth rate

* Inflation rates

* Interest rates

* Currency exchange rate

* Unemployment rate

* Protectionism

LO 2, AC 2.2

by Dorothy at Apr 25, 2023, 04:48 AM

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