Post Utme Abu 2017 Commerce Question 6
Practice objective / multiple choice question 6 from the 2017 Post Utme Abu Commerce examination.
A company's sole trader is considering expanding its operations to a new market. The company's current market share is 30% and the new market has a potential size of ₦10 billion. If the company's current profit margin is 15% and it expects to maintain the same profit margin in the new market, what is the maximum amount of capital the company should invest in the new market?
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About This Question
This is Post Utme Abu 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Abu Commerce examination.
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