whole life paper10 Leave a Comment / By Admin / June 10, 2024 Welcome to your whole life paper10 1. Question 1 A supplies looking only to recover the variable cost elements in their price is adopting market price strategy marginal cost pricing strategy cost plus price strategy penetration price strategy None 2. Question 2 In micro economics, when the quantity demanded equals the quantity supplied determines: the profit margin the total cost of sales the equilibrium price the break even point None 3. Question 3 If a big change in price for a product leads to little or no change in demand for that product, that product is said to be price Inelastic price elastic in the growth stage in the decline stage None 4. Question 4 , A market where there are many competing producers with similar products who use differentiation to distinguish themselves from each other is called monopolistic perfect competition oligopoly monopoly None 5. Question 5 When trading internationally, if you pay your suppliers in their currency and your domestic currencyappreciates, what is the likely outcome? suppliers product becomes cheaper to buy you may overspend on budget suppliers, product becomes more expensive to buy Buyer is in a weaker position to negotiate discounts None 6. Question 6 Using quotas and tariffs to restrict the quantity of goods imported into a country is a form of protectionism collusion collaboration fraud None 7. Question 7 Which of the following is not a factor that supports a successful negotiation? Negotiation objectives Power and Relationships Hard negotiation Negotiation approach None 8. None 9. Question 9 Which of the following is not one of the four fundamentals of principled negotiation? People Options Cost interests None 10. Question 10 What is the walk-away position? The point at which you've had enough of a negotiation and leave. The point at which you came to an agreement in a negotiation and can now leave the table. A position from which you cannot concede any further and must decline the deal. None 11. Question 11 Which kind of personal power is based on high levels of stills or knowledge? Expert Power Referent Power informational Power Legitimate Power None 12. Question 12 Which is an example of a semi-variable cost? Salaried workers Utilities Insurance Raw Materials None 13. Question 13 Ray Carter's STOP WASTE mnenomic lists 10 ways to change what? Increase productivity Increase efficiency Reduce production time Reduce costs None 14. Question 14 What is absorbtion costing? . Increasing price to account for losses Allocating direct casts to indirect costs Allocating indirect costs to direct costs Not doing anything to account for losses None 15. Question 15 What does protectionism do and cause? It props up local industry even when not profitable encourages exporting goods so develop local industries It protects up essential imparts by propping up non-local businesses It encourages local industry by discouraging imports None 16. Question 16 What is the equilibrium price? When a market's price doesn't fluctuate because competitors within the market are not competing on price When price elasticity is low When the quantity of supply Is equal to quantity of demand When the cost of providing a good/service equals the price charged None 17. Question 17 Which of the below would be classified as s direct cost? managers salary office printers rent of the factory raw materials None 18. Question 18 What is one of the main driver of ‘premium pricing’? penetrate new markets reduced material costs brand marketing cheap labour None 19. Question 19 what do marginal costings focus on? direct costs indirect costs variable costs fixed costs None 20. Question 20 how is cost plus pricing calculated? total variable costs + fined costs « mark up % total fined costs + total variable costs + mark up % mark up % - fined costs total revenue - total spend None 21. Question 21 what is a ‘market price’? prices tor goods and services shown on the stock market supplies goes into a market as a loss leader in order to gain entry into a nieche market the buyer determines the miximum price they are willing to pay for an item/ service the supplier sells In line with what the market Is prepared to pay None 22. Question 22 what is the equlibrium price showing? where demand is exceeding supply for a specific item the state of the market at a point in time that can be used In conjunctian with historical data to predict trends where direct casts cross indirect costs the right quantity being sold at the right price None 23. Question 23 what is an inflation rate? used to assist in calculate the unemployment rate in a country price Increases on goods/ services tax paid on goods at the boarder of one country entering Into another economic growth None 24. Question 24 The supermarket chain Asda would best fall into which of the below market categories? perfect competition duopoly oligopoly monopoly None 25. Question 25 which of the below is a key macroeconomic factor? coperate governance supply and demand organizations financial procedures protectionism None 26. Question 26 When negotiating key terms with a supplier overseas, which currency & best suited that you pay your supplier in? watch the market closely and agree to pay the supplier once the contract has concluded in who's currency has the best benefit for the supplier watch the market closely and agree to pay the supplier once the contract has concluded in who's currency has the best benefit for the buyer your own currency the currency of the supplier None 27. Question 27 during negotiations, concessions can be traded, if delivery time was of low importance to you but high importance to the supplier which of the below decisions would you make? [the bargaining matrix} low-value easy concession to trade easy concession to win difficult None 28. Question 28 what does the acronym ZOPA stand for? zone of potential agreement zone of polite agreement zone of potential agreement None 29. Question 29 what are the two levels of need when understanding how to ender a negotiation the individual and the supplier the organization and the individual the organization and the supper the buyer and the supplier None 30. Question 30 during negotiations, concessions can be traded, If getting the best price was the key element for the buyer andselling the item for the highest price was hey to the supplier which of the below decisions would you make? (thebargaining matrix) difficult low value easy concession to trade ©. easy concession to win None 31. Question 1 Which of the below styles of negotiator would be described as ‘a numbers person dealer peoples person tough logic None 32. Question 2 where is the ideal negotiation location for equality for the buyer and supplier? virtual boardroam meeting buyers location suppliers location a mutually agreed third party location None 33. Question 3 typicalhy what is a weakness of dealing in negotiations with someone who Is a good listener? too accommodating looses sight of essentials finds it difficult to deal with conflict discloses Information two readily None 34. Question 4 which of the below is classed as a strength of someone who has a tough negotiating style? creative/ seeks opportunity listens to the other party methodical build relationships None 35. Question 5 how would you deal with someone during negotiations if their style is a good listener, but they end to loose sight of essentials? build trust and listen trade concessions use their name frequently use powerful arguments None 36. Question 6 Which of these are not one of the key phases of negotiation? 2 Agree/Close 3 Respond 1 Open 4Test None 37. Question 7 relation to phases of negotiation what does ZOPA stand for Zone of Potential Argument Zone of Possible Arrangement Zone of Potential Acceptance Zone of Potential Agreement None 38. Question 8 By the end of the opening stage you should Be familiar with everyone's names Have traded concessions Shake hands on the agreement Check that you have got all the Issues you want to discuss on the table None 39. Question 9 At what stage in negotiation do parties trade concessions? Opening Stage Proposing stage Bargaining stage Testing Stage None 40. Question 10 At what stage is key information gained that may help you decide which negotiating option to go for or to change‘your approach? Bargaining Stage Opening Stage Proposing Stage Vesting Stage None 41. Question 11 When looking at persuasion methods, persuasion refers to ‘pushing’ on the other party so that they accept their own change In attitude or behaviour as 3 result of your actions. ‘pushing’ on your party, which gets them to change their attitude or behaviour as a result of reflection. ‘pulling’ on the other party, which gets them to change their attitude or behaviour as a result of reflection pushing, on your party, which gets them to reassess their attitude or behaviour a+ a result of reflection. None 42. Question 12 A Collaborative style refers to An issue-driven push style where the influencer wants others to buy into their ideas by presenting them in an even-handed, logical, rational and objective way A team-oriented pull style where the influencer alms to involve others who will offer view and ideas about the issue An ‘l’-driven push style where the influencer asserts their own views and ideas and expects others to follow A pull style where you have to tap into others’ emotions, engage their imagination and help them visualise what is possible None 43. Question 13 If you are an expert, are working with new or inexperienced staff, and you require speedy action you should usewhich ‘push’ or ‘pull’ style? Visionary Colloborative Persuasive Directive None 44. Question 14 With regards to tactics which of these statements is false. Their effectiveness will decrease over time, as the other party will recognize and be able to counter them you use them repeatedly. They work best If used sparingly and as part of your plan They are particularly effective when you have no concessions to offer They are particularly effective when dealing with untrained negotiators None 45. Question 15 The Salami tactic refers to Extracting another concession that allows you to sign off there and then Saying publicly what you expect from a deal Pretending something that you need Is not important Asking for an exceptional one-off concession that Is normally hard to get None 46. Question 46 Which of the following are not uses of questioning in negotiation? To create and sustain movement in a negotiation if it stalks Elicit information To test the honesty of the other pasty Fight distractions None 47. Question 17 Which of these is not a type of questioning style in negotiation? Hypothetical questions Open question Prompting questions Probing questions None 48. Question 18 Which of the following are not required to help you to become a skilled negotiator? Willing to compromise Listen with a goal in mind Not interrupt the other party when they are speaking Be motivated to listen None 49. Question 19 Professor Geert Hofstede classified national cultures against four dimensions. The individualism versus collectivism refers to The degree to which people need to explain the inexplicable The degree of inequality that exists The distribution of roles between genders The degree to which individuals are integrated Into groups None 50. Question 20 Professor Geert Hofstede classified national cultures against four dimensions, The distribution of roles betweengenders refer to which dimension? Long-term orientation versus short-term orientation Indulgence versus restraint Masculinity versus femininity Uncertainty avoidance None 51. Question 21 In negotiation, reflection refers to Replicating the same negotiation style every time Making changes as a result of discussions with other party Giving feedback to let the negotiator Reviewing what went well and what could have gone better in order to Improve future performance None 52. Question 22 Which of these is not a benefit of reflection? It hinders performance in future negotiation settings The strengths and weaknesses of the negotiation strategy can be confirmed It makes participants more focused during the meeting. It helps leaders to identify future headers through their capability to give and receive feedback None 53. Question 23 Which of these is an assertive/cooperative conflict management style? Accommodating Competing Avoiding d Collaborating None 54. Question 24 What Is the objective of accommodating? To yield To win To delay To find a middle ground None 55. Question 25 Which of these is not a part of PESTLE Social Political Landscape Technological None 56. Question 26 Which of these is high attractiveness/low spend in the customer segmentation chart? Exploit Core Develop Nuisance None 57. Question 27 Which of these is not a sign of trust in a relationship? Supplier is a big player in the market Supplier welcomes innovation Sharing information On-Time Delivery of Products/Services None 58. Question 28 Which of these is not a type of pricing. Marginal pricing Budget pricing Penetration pricing Cost plus pricing None 59. Question 29 Which two axis intercepts 00 from an equilibrium point? Price/On-time delivery Price/quanlity Price/quality Price/time None 60. Question 30 Which of these is not a microeconomic factor? Unemployment Profit/Loss Inflation rates Economic growth None Time's upTime is Up!
