New Year Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

A company assembles a large number of components into a series of finished products.

  1. Home
  2. CIPS
  3. CIPS Level 4 Diploma in Procurement and Supply
  4. L4M2
  5. L4M2 Questions
  6. Defining Business Needs Practice Questions

A company assembles a large number of components into a series of finished products. The company has decided to add more finished products to its product range. They have decided that one of the current components will be used in the new range. What is this process known as?

A.

Standardisation

B.

Variety reduction

C.

Value analysis

D.

Value engineering

CIPS L4M2 View All Questions

CIPS L4M2 Summary

  • Vendor: CIPS
  • Product: L4M2
  • Update on: Dec 16, 2025
  • Questions: 303
Price: $52.5  $149.99
Buy Now L4M2 PDF + Testing Engine Pack
Next
Which of the following problems may be identified as closed problems?
Andrew is responsible for procurement of capital assets at Lumber Ltd.
Previous

Payments We Accept

Your purchase with ExamsVCE is safe and fast. Your products will be available for immediate download after your payment has been received.
The ExamsVCE website is protected by 256-bit SSL from McAfee, the leader in online security.

examsvce payment method

Contact Us

Copyright © 2013-2025 examsvce.com. All Rights Reserved
mcafee secure

TESTED 16 Dec 2025