Post Utme Bells University 2020 Commerce Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Bells University Commerce examination.

Post Utme Bells University 2020 Commerce Objective / Multiple Choice
Question 4 POST_UTME_BELLS_UNIVERSITY • 2020 • COMMERCE • objective

A firm is considering the introduction of a new product. The product has a high demand, but the production costs are high. The firm's marketing manager suggests that the product be priced at a premium to maximize profits. What is the potential benefit of this strategy?

Answer Options

A. The product may be more competitive in the market.
B. The product may appeal more to the target market.
Correct Answer C. The product may be more profitable.
D. The product may be more sustainable.
Correct Answer
C
Correct Option:
The product may be more profitable.

About This Question

This is Post Utme Bells University 2020 Commerce Question 4. It is one of the objective questions from the 2020 Post Utme Bells University Commerce examination.

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