Sandra is a buyer for a large supermarket and has been increasing unhappy with the performance of a long-term supplier of bananas. Over time the deliveries have become unreliable and this has had impacts on the supermarket's profitability. What should Sandra do first?

• A.Obtain business approval to terminate the contract
• B.Develop an exit strategy
• C.Review the market and look for an alternative supplier
• D.Give written notice to the supplier of plans to terminate

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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?

• A.threat of substitution
• B.threat of new entrant
• C.supplier power
• D.buyer power

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A competitive advantage can be gained by doing what?

• A.Increasing your prices
• B.Engaging in market research
• C.Building better relationships with primary stakeholders
• D.Completing formal tenders for all buying requirements

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Agile Cars Ltd is creating a 'lean' business model which involves receiving deliveries of components only when they are required. Which of the following 'wastes' is being removed from the business?

• A.Transportation
• B.Defects
• C.Over-production
• D.Inventory

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Which of the following are characteristics that differentiate between a partnership relationship and traditional contracting relationships? Select THREE.

• A.Lower costs
• B.No tender process
• C.Early supplier involvement
• D.Supplier KPIs
• E.No defined end period

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