Post Utme Afe Babalola University 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A company is considering the introduction of a new product to its existing product line. The new product will require a significant investment in research and development, but it is expected to generate a high return on investment (ROI). What is the most likely reason for the company's decision to introduce the new product?

Answer Options

A. The company wants to increase its market share
B. The company wants to reduce its costs
C. The company wants to increase its revenue
Correct Answer D. The company wants to diversify its product line
Correct Answer
D
Correct Option:
The company wants to diversify its product line

About This Question

This is Post Utme Afe Babalola University 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.

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