Post Utme Afe Babalola University 2024 Commerce Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2024 Commerce Objective / Multiple Choice
Question 33 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A company's marketing strategy involves creating a new product line. The company has a budget of ₦1,500,000 for the product launch. If the cost of production is ₦800,000, and the company wants to make a profit of 20%, how much should it spend on advertising?

Answer Options

A. ₦300,000
B. ₦350,000
Correct Answer C. ₦400,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Afe Babalola University 2024 Commerce Question 33. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Commerce examination.

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