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CIPS Exam L4M4 Topic 3 Question 23 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 23
Topic #: 3
[All L4M4 Questions]

Added value can be objectively defined. Is this sentence TRUE?

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Suggested Answer: C

The correct answer is 'no - added value may change from one company to another'.

Added value is very subjective. What one person thinks is excellent added value, another may not rate highly. For example one buyer may consider a supplier having good brand reputation as added value, but another might not care.

The other no answer is incorrect because added value can be tangible or intangible. Tangible means you can touch and see it and intangible means you can't.


by Latia at Sep 18, 2024, 08:29 PM

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Malcom
27 days ago
Ha! As if any of these answers could be considered 'objective'. Added value is in the eye of the beholder if you ask me.
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Adelina
9 days ago
User 1
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Nida
1 months ago
Hmm, I'm not so sure. I feel like D might be the way to go - added value is often quite intangible and hard to measure objectively.
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Tran
28 days ago
D) no- added value is always intangible
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Patrick
29 days ago
C) no - added value may change from one company to another
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Titus
30 days ago
A) Yes- added value should be assessed along with price
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Gary
1 months ago
C) no - added value may change from one company to another
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Tanja
2 months ago
B seems like the right choice to me. Added value is a standardized concept, isn't it?
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Arthur
2 months ago
A) Yes- added value should be assessed along with price
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Gretchen
2 months ago
I think the correct answer is C. Added value can definitely differ between companies based on their offerings and target customers.
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Eura
28 days ago
I think it's important to consider how added value can vary from one company to another.
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Jaime
1 months ago
Yes, added value should be assessed along with price.
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Bambi
1 months ago
I agree, added value is not the same for all organizations.
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Eden
1 months ago
I think the correct answer is C. Added value can definitely differ between companies based on their offerings and target customers.
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Floyd
2 months ago
C) no - added value may change from one company to another
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