Khalid is a procurement manager in the UK who is looking to source exotic fruit...

CIPS L4M4 Question Answer

Khalid is a procurement manager in the UK who is looking to source exotic fruit for a retailer. As this type of fruit doesn't grow naturally in the UK Khalid is looking at international suppliers, but is worried about variations in exchange rates. He is considering asking the suppliers to provide quotes in their local currencies. Will this reduce the risk posed to Khalid?

yes- suppliers should quote in their own currencies so there is no risk to the importing company

yes- when suppliers quote in local currencies you are more likely to get better prices

no- quoting the prices in GBP / £ will provide Khalid with better security against cur-rency fluctuations

no- prices should be quoted in GBP / £ as this will reduce the cost of imports

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Vendor: CIPS
Product: L4M4
Update on: Jan 29, 2026
Questions: 301

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Khalid is a procurement manager in the UK who is looking to source exotic fruit...

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