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CIPS Defining Business Needs L4M2 Question # 23 Topic 3 Discussion

CIPS Defining Business Needs L4M2 Question # 23 Topic 3 Discussion

L4M2 Exam Topic 3 Question 23 Discussion:
Question #: 23
Topic #: 3

A procurement manager has noticed that profitability within a market has increased steadily over the years. In addition, the market is relatively easy to enter, and demand within the market is predicted to remain high. Which of the following is likely to happen in this particular market as a direct consequence of these factors?


A.

Buyers will switch to a different market


B.

The market will attract new entrants


C.

Suppliers will invest more heavily in technology


D.

The regulator will intervene and establish pricing controls


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