Post Utme Al Hikmah University 2019 Commerce Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2019 Commerce Objective / Multiple Choice
Question 37 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • COMMERCE • objective

A firm is considering two different pricing strategies. Strategy A involves charging a price of ₦100 per unit, while Strategy B involves charging a price of ₦120 per unit. If the firm sells 1,000 units, what is the total revenue under each strategy?

Answer Options

Correct Answer A. Strategy A: ₦100,000, Strategy B: ₦120,000
B. Strategy A: ₦120,000, Strategy B: ₦100,000
C. Strategy A: ₦150,000, Strategy B: ₦150,000
D. Strategy A: ₦180,000, Strategy B: ₦180,000
Correct Answer
A
Correct Option:
Strategy A: ₦100,000, Strategy B: ₦120,000

About This Question

This is Post Utme Al Hikmah University 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Commerce examination.

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