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 marginal cost pricing strategy market price 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 total cost of sales the equilibrium price the break even point the profit margin 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 elastic in the growth stage in the decline stage price Inelastic 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 monopoly monopolistic oligopoly perfect competition None 5. Question 5 When trading internationally, if you pay your suppliers in their currency and your domestic currencyappreciates, what is the likely outcome? Buyer is in a weaker position to negotiate discounts suppliers, product becomes more expensive to buy suppliers product becomes cheaper to buy you may overspend on budget None 6. Question 6 Using quotas and tariffs to restrict the quantity of goods imported into a country is a form of collusion collaboration protectionism fraud None 7. Question 7 Which of the following is not a factor that supports a successful negotiation? Negotiation objectives Hard negotiation Power and Relationships Negotiation approach None 8. None 9. Question 9 Which of the following is not one of the four fundamentals of principled negotiation? interests Cost Options People None 10. Question 10 What is the walk-away position? The point at which you came to an agreement in a negotiation and can now leave the table. The point at which you've had enough of a negotiation and leave. 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 Legitimate Power informational Power Referent Power None 12. Question 12 Which is an example of a semi-variable cost? Insurance Raw Materials Utilities Salaried workers None 13. Question 13 Ray Carter's STOP WASTE mnenomic lists 10 ways to change what? Reduce costs Increase productivity Increase efficiency Reduce production time None 14. Question 14 What is absorbtion costing? . Increasing price to account for losses Not doing anything to account for losses Allocating indirect costs to direct costs Allocating direct casts to indirect costs None 15. Question 15 What does protectionism do and cause? It encourages local industry by discouraging imports It props up local industry even when not profitable It protects up essential imparts by propping up non-local businesses encourages exporting goods so develop local industries 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’? reduced material costs brand marketing penetrate new markets cheap labour None 19. Question 19 what do marginal costings focus on? indirect costs direct costs variable costs fixed costs None 20. Question 20 how is cost plus pricing calculated? total variable costs + fined costs « mark up % total revenue - total spend mark up % - fined costs total fined costs + total variable costs + mark up % None 21. Question 21 what is a ‘market price’? 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 prices tor goods and services shown on the stock market the supplier sells In line with what the market Is prepared to pay None 22. Question 22 what is the equlibrium price showing? the right quantity being sold at the right price where direct casts cross indirect costs 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 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 economic growth tax paid on goods at the boarder of one country entering Into another None 24. Question 24 The supermarket chain Asda would best fall into which of the below market categories? oligopoly duopoly monopoly perfect competition None 25. Question 25 which of the below is a key macroeconomic factor? protectionism supply and demand organizations financial procedures coperate governance 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 buyer your own currency 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 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} difficult easy concession to trade low-value easy concession to win None 28. Question 28 what does the acronym ZOPA stand for? zone of potential agreement zone of potential agreement zone of polite agreement None 29. Question 29 what are the two levels of need when understanding how to ender a negotiation the organization and the supper the buyer and the supplier the organization and the individual the individual 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) easy concession to trade ©. easy concession to win difficult low value None 31. Question 1 Which of the below styles of negotiator would be described as ‘a numbers person peoples person tough logic dealer None 32. Question 2 where is the ideal negotiation location for equality for the buyer and supplier? buyers location a mutually agreed third party location virtual boardroam meeting suppliers location None 33. Question 3 typicalhy what is a weakness of dealing in negotiations with someone who Is a good listener? looses sight of essentials too accommodating 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 methodical listens to the other party 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? use their name frequently trade concessions use powerful arguments build trust and listen None 36. Question 6 Which of these are not one of the key phases of negotiation? 3 Respond 4Test 1 Open 2 Agree/Close None 37. Question 7 relation to phases of negotiation what does ZOPA stand for Zone of Possible Arrangement Zone of Potential Argument Zone of Potential Acceptance Zone of Potential Agreement None 38. Question 8 By the end of the opening stage you should Have traded concessions Check that you have got all the Issues you want to discuss on the table Be familiar with everyone's names Shake hands on the agreement None 39. Question 9 At what stage in negotiation do parties trade concessions? Testing Stage Opening Stage Bargaining stage Proposing 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? Vesting Stage Proposing Stage Bargaining Stage Opening 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. pushing, on your party, which gets them to reassess their attitude or behaviour a+ a result of reflection. ‘pulling’ on the other party, which gets them to change their attitude or behaviour as a result of reflection None 42. Question 12 A Collaborative style refers to An ‘l’-driven push style where the influencer asserts their own views and ideas and expects others to follow A team-oriented pull style where the influencer alms to involve others who will offer view and ideas about the issue A pull style where you have to tap into others’ emotions, engage their imagination and help them visualise what is possible 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 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? Persuasive Directive Visionary Colloborative None 44. Question 14 With regards to tactics which of these statements is false. They work best If used sparingly and as part of your plan They are particularly effective when you have no concessions to offer Their effectiveness will decrease over time, as the other party will recognize and be able to counter them you use them repeatedly. 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? Fight distractions Elicit information To test the honesty of the other pasty To create and sustain movement in a negotiation if it stalks None 47. Question 17 Which of these is not a type of questioning style in negotiation? Probing questions Open question Prompting questions Hypothetical questions None 48. Question 18 Which of the following are not required to help you to become a skilled negotiator? Listen with a goal in mind Be motivated to listen Not interrupt the other party when they are speaking Willing to compromise 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 to which individuals are integrated Into groups The degree of inequality that exists The distribution of roles between genders None 50. Question 20 Professor Geert Hofstede classified national cultures against four dimensions, The distribution of roles betweengenders refer to which dimension? Uncertainty avoidance Masculinity versus femininity Indulgence versus restraint Long-term orientation versus short-term orientation None 51. Question 21 In negotiation, reflection refers to Giving feedback to let the negotiator Making changes as a result of discussions with other party Reviewing what went well and what could have gone better in order to Improve future performance Replicating the same negotiation style every time None 52. Question 22 Which of these is not a benefit of reflection? It makes participants more focused during the meeting. The strengths and weaknesses of the negotiation strategy can be confirmed It helps leaders to identify future headers through their capability to give and receive feedback It hinders performance in future negotiation settings None 53. Question 23 Which of these is an assertive/cooperative conflict management style? Collaborating Avoiding d Competing Accommodating None 54. Question 24 What Is the objective of accommodating? To yield To delay To find a middle ground To win None 55. Question 25 Which of these is not a part of PESTLE Social Technological Landscape Political None 56. Question 26 Which of these is high attractiveness/low spend in the customer segmentation chart? Core Develop Nuisance Exploit None 57. Question 27 Which of these is not a sign of trust in a relationship? On-Time Delivery of Products/Services Supplier is a big player in the market Sharing information Supplier welcomes innovation None 58. Question 28 Which of these is not a type of pricing. Marginal pricing Penetration pricing Budget pricing Cost plus pricing None 59. Question 29 Which two axis intercepts 00 from an equilibrium point? Price/time Price/quanlity Price/quality Price/On-time delivery None 60. Question 30 Which of these is not a microeconomic factor? Economic growth Inflation rates Profit/Loss Unemployment None Time's upTime is Up!
