Post Utme Christopher University 2025 Commerce Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2025 Commerce Objective / Multiple Choice
Question 16 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • COMMERCE • objective

A firm specializes in producing a single product, which is a type of commodity. The commodity is characterized by its homogeneity, lack of brand loyalty, and high elasticity of demand. What type of commodity is this?

Answer Options

Correct Answer A. Storable commodity
B. Perishable commodity
C. Durable commodity
D. Monopolistic commodity
Correct Answer
A
Correct Option:
Storable commodity

About This Question

This is Post Utme Christopher University 2025 Commerce Question 16. It is one of the objective questions from the 2025 Post Utme Christopher University Commerce examination.

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