Post Utme Coal City University 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A firm is considering two different advertising strategies. Strategy A costs ₦50,000 and is expected to increase sales by 10%. Strategy B costs ₦75,000 and is expected to increase sales by 20%. If the firm's current sales are ₦1,000,000, which strategy should it use to maximize its revenue?

Answer Options

A. Strategy A
Correct Answer B. Strategy B
C. Both strategies are equally effective
D. Neither strategy is effective
Correct Answer
B
Correct Option:
Strategy B

About This Question

This is Post Utme Coal City University 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Coal City University Commerce examination.

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