When analysing a market, the availability of substitute products or suppliers is the only competitive...

Vendor: CIPS
Product: L4M2
Update on: Jul 30, 2025
Questions: 237

CIPS L4M2 Question Answer

When analysing a market, the availability of substitute products or suppliers is the only competitive force to consider. Is this statement correct?

No, availability of substitutes is not a competitive market force

No, other forces include the threat of new entrants and bargaining strength of buyers and suppliers

Yes, substitute products and therefore cost is the source of all competition

Yes, it is the only competitive force relevant to procurement

CIPS L4M2 Summary

Price: $52.5 ~~$149.99~~