Post Utme Covenant University 2024 Commerce Question 35
Practice objective / multiple choice question 35 from the 2024 Post Utme Covenant University Commerce examination.
A firm is considering the introduction of a new product. The product has a market size of 100,000 units and a market growth rate of 10% per annum. The firm's marketing budget is ₦500,000. What is the minimum price that the firm should charge for the product to ensure a profit?
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About This Question
This is Post Utme Covenant University 2024 Commerce Question 35. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.
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