Post Utme Crawford University 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2023 Commerce Objective / Multiple Choice
Question 39 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • COMMERCE • objective

A company is exporting goods to a foreign country. The foreign country has imposed a tariff of 20% on the imported goods. What is the likely effect on the company's profit margin?

Answer Options

A. The profit margin will increase
Correct Answer B. The profit margin will decrease
C. The profit margin will remain the same
D. The profit margin will increase by 20%
Correct Answer
B
Correct Option:
The profit margin will decrease

About This Question

This is Post Utme Crawford University 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Crawford University Commerce examination.

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