CPIM Quiz

Each month in this section, we will feature five sample questions from one of the five modules in the CPIM Certification Program. For more information on the CPIM Certification process, contact Michele Lawrence at membership@apics-northshore.org.

This month’s questions are taken from the Strategic Management of Resources module:

1. What is the strongest force in the five-forces model of competition?
(A) Rivalry between supplier and seller
(B) Rivalry between seller and buyer
(C) Rivalry between sellers
(D) Threat from new market entrants

2. All of the following are competitive strategies except:
(A) Low cost provider strategy
(B) Differentiated low-cost provider strategy
(C) Focused low-cost strategy
(D) Focused differentiation strategy

3. Which of the following is not a determinant of industry attractiveness?
(A) Profitability
(B) Supplier collaboration
(C) Collective impact of competitive forces
(D) Relative strength of the seller versus rivals

4. The primary use of environmental scanning is to?
(A) Identify threats and opportunities
(B) Identify effective supply chains
(C) Understand competitors’ strategies
(D) Understand current markets

5. Which of the following tools is not used in determining price competitiveness?
(A) Risk assessment
(B) ABC accounting
(C) Value chain analysis
(D) Benchmarking