Defining business need - Study guides, Class notes & Summaries
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CIPS L4M2 Defining Business Need
- Exam (elaborations) • 24 pages • 2024
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CIPS L4M2 Defining Business Need 
 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
New purchase 
A purchase of an item for the first time 
Examples of straight rebuy purchases 
Utilities (gas, water, electricity) 
MRO ( Maintenance, repair and operating item...
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CIPS L4M2 Defining Business Need questions with 100% correct answers 2024/2025
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CIPS L4M2 Defining Business NeedFixed Cost (FC) - correct answer Costs that remain the same irrespective of business activity or volume 
 
Variable Cost (VC) - correct answer Costs that vary with the level of output 
 
Market Factors - correct answer Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
 
Break-Even Point (BEP) - correct answer When total costs are equivalent to sales revenue (after this, it is profit) 
 
Solving a Problem - correct answer SCAMPER 
 
Subs...
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C722 Project Management - Study Guide With Correct Answers Graded A+
- Exam (elaborations) • 36 pages • 2023
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Projects - A temporary activity that creates a unique result. 
Initiatives with specific goals and start and end dates. Develops a new product or service, reduce costs, 
add technology, etc. 
Operations - Day-to-day activities in an organization. Continuous & ongoing. 
Product - Something created by a project. 
Business Scenario - An imagined or projected sequence of events that is representative of a 
significant business need or problem & enables vendors to understand the value to the customer...
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MAC3703 Assignment 2 (ANSWERS) Semester 2 2023 (715655)- DISTINCTION GUARANTEED
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Well-structured MAC3703 Assignment 2 (ANSWERS) Semester 2 2023 ()- DISTINCTION GUARANTEED (DETAILED ANSWERS - DISTINCTION GUARANTEED!). QUESTION 1 (30 MARKS) 
Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for more than 20 years, ...
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IPMA-HR Public Sector Essentials Exam Questions and Answers
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IPMA-HR Public Sector Essentials Exam 
Questions and Answers 
human resources management - Correct Answer ️️ -the design of formal systems in 
an organization to a manage human talent for accomplishing organizational goals 
human capital - Correct Answer ️️ -the collective value of the capabilities, knowledge, 
skills, life experiences, and motivation of an organization workforce 
core competency - Correct Answer ️️ -a unique capability that creates high value at 
which an organizati...
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SAFe SPC 6.0 Final Exam Questions & Answers 2024 Update
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SAFe SPC 6.0 Final Exam Questions & Answers 2024 Update 
SAFe SPC 6.0 Final Exam Questions & Answers 2024 Update 
 
 
When should a Lean portfolio be established? 
When it is necessary to operate in a completely decentralized environment 
 
 
When it is part of training the executives 
 
 
When the lack of alignment between strategy and execution impacts value delivery 
When there is a minimum of six Agile Release Trains (ARTs) that require coordination 
 
Which activity is associated with the r...
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CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
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CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Fixed Cost (FC) 
Costs that remain the same irrespective of business activity or volume 
Variable Cost (VC) 
Costs that vary with the level of output 
Market Factors 
Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
Break-Even Point (BEP) 
When total costs are equivalent to sales revenue (after this, it is profit) 
Solving a Problem 
SCAMPER 
Substitute 
Combine 
Adapt 
Modify 
Put to other uses 
E...
-
CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
-
- $10.49
- + learn more
CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Fixed Cost (FC) 
Costs that remain the same irrespective of business activity or volume 
Variable Cost (VC) 
Costs that vary with the level of output 
Market Factors 
Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
Break-Even Point (BEP) 
When total costs are equivalent to sales revenue (after this, it is profit) 
Solving a Problem 
SCAMPER 
Substitute 
Combine 
Adapt 
Modify 
Put to other uses 
E...
-
CIPS L4M2 Defining Business Need
- Exam (elaborations) • 24 pages • 2024
-
- $15.49
- + learn more
CIPS L4M2 Defining Business Need 
 
Types of Purchases 
new buy, straight rebuy, modified rebuy 
Straight rebuy purchase 
Routine purchases of the same products under approximately the same terms of sale 
Modified rebuy purchase 
When new-task purchases are changed on repeat orders or straight rebuy purchases are modified 
New purchase 
A purchase of an item for the first time 
Examples of straight rebuy purchases 
Utilities (gas, water, electricity) 
MRO ( Maintenance, repair and operating item...
-
CIPS L4M2 Defining Business Need Exam Questions With 100% Correct Answers
- Exam (elaborations) • 8 pages • 2024
- Available in package deal
-
- $11.49
- + learn more
CIPS L4M2 Defining Business Need Exam 
Questions With 100% Correct Answers 
Fixed Cost (FC) 
Costs that remain the same irrespective of business activity or volume 
Variable Cost (VC) 
Costs that vary with the level of output 
Market Factors 
Objectives 
Drivers 
Governance 
Ownership 
Commodity or Non-Commodity 
Break-Even Point (BEP) 
When total costs are equivalent to sales revenue (after this, it is profit) 
Solving a Problem 
SCAMPER 
Substitute 
Combine 
Adapt 
Modify 
Put to other uses 
E...
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