Post Utme Caleb University 2024 Commerce Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2024 Commerce Objective / Multiple Choice
Question 36 POST_UTME_CALEB_UNIVERSITY • 2024 • COMMERCE • objective

A company is considering launching a new product in a foreign market. The company has conducted market research and determined that the demand for the product is elastic. However, the company is concerned about the potential risks associated with entering a new market. What is the most appropriate strategy for the company to minimize these risks?

Answer Options

A. Conduct further market research to gather more data.
B. Partner with a local company to share the risks.
Correct Answer C. Launch a pilot project to test the market.
D. Use a standardized marketing strategy that has been successful in other markets.
Correct Answer
C
Correct Option:
Launch a pilot project to test the market.

About This Question

This is Post Utme Caleb University 2024 Commerce Question 36. It is one of the objective questions from the 2024 Post Utme Caleb University Commerce examination.

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