Post Utme Bowen University 2018 Commerce Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 13 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

A firm is considering two different advertising strategies for its new product. Strategy A involves a one-time payment of ₦500,000 to a popular celebrity to endorse the product, while Strategy B involves a series of 12 monthly payments of ₦50,000 to a popular social media influencer. If the firm expects to sell 10,000 units of the product per year, and each unit sells for ₦500, what is the total cost of Strategy A?

Answer Options

Correct Answer A. ₦500,000
B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Bowen University 2018 Commerce Question 13. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support