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CIPS Exam L4M2 Topic 10 Question 54 Discussion

Actual exam question for CIPS's L4M2 exam
Question #: 54
Topic #: 10
[All L4M2 Questions]

Buyers can ascertain the prices by examining information provided by primary and secondary sources of market data. Which of the following is a secondary source of market data?

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Suggested Answer: A

Price comparison websites are secondary sources as they aggregate data collected from multiple suppliers. Primary sources (like RFQs and brochures) come directly from the supplier. Reference: CIPS Level 4, Market Data Analysis.


by Rebbecca at Feb 11, 2025, 02:58 AM

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Cordie
1 months ago
I'm gonna go with B. Can't go wrong with good old-fashioned data, am I right? Though I do wonder if the buyer has been keeping those records up to date...
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Whitney
16 days ago
B) Historical records of supplier prices on the buyer's database
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Xochitl
18 days ago
A) Supplier prices provided on price comparison websites
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Carmela
2 months ago
I'm not sure, but I think C) Price brochures provided by the supplier's sales team could also be a secondary source of market data.
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Moon
2 months ago
I agree with Margarett, because historical records can give us a good idea of past prices.
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Twanna
2 months ago
Ha, the supplier's sales team? Really? That's about as primary as it gets. C is definitely not the answer here.
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Detra
7 days ago
Exactly, we need to look at secondary sources for market data.
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Apolonia
10 days ago
Yeah, I agree. The sales team is definitely a primary source.
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Yuonne
15 days ago
D) Suppliers' prices provided on the buyer's request for quotation
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Shaun
18 days ago
B) Historical records of supplier prices on the buyer's database
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Nakita
25 days ago
A) Supplier prices provided on price comparison websites
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Margarett
2 months ago
I think the answer is B) Historical records of supplier prices on the buyer's database.
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Ashlee
2 months ago
Hmm, I'm not sure. A and D both sound like they could be secondary sources too. This is a tricky one!
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Alishia
2 months ago
I'd go with B - historical records are definitely a secondary source of market data. That's just common sense.
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Gene
8 days ago
D) Suppliers' prices provided on the buyer's request for quotation
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Tiara
12 days ago
C) Price brochures provided by the supplier's sales team
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Alfreda
19 days ago
B) Historical records of supplier prices on the buyer's database
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Stevie
1 months ago
A) Supplier prices provided on price comparison websites
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Lashawn
1 months ago
B) Historical records of supplier prices on the buyer's database
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Jettie
2 months ago
A) Supplier prices provided on price comparison websites
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