Post Utme Covenant University 2022 Commerce Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2022 Commerce Objective / Multiple Choice
Question 3 POST_UTME_COVENANT_UNIVERSITY • 2022 • COMMERCE • objective

A company is considering launching a new product. The market research indicates that the demand for the product will be 100 units in the first year, increasing by 20% each year for the next 5 years. If the company wants to maximize its profits, what should it do?

Answer Options

Correct Answer A. Launch the product immediately
B. Delay the launch for 2 years
C. Delay the launch for 5 years
D. Do not launch the product
Correct Answer
A
Correct Option:
Launch the product immediately

About This Question

This is Post Utme Covenant University 2022 Commerce Question 3. It is one of the objective questions from the 2022 Post Utme Covenant University Commerce examination.

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