Post Utme Elizade University 2022 Commerce Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2022 Commerce Objective / Multiple Choice
Question 29 POST_UTME_ELIZADE_UNIVERSITY • 2022 • COMMERCE • objective

A firm is considering expanding its operations into a new market. The firm has conducted a market analysis and determined that the new market has a high growth potential. However, the firm is concerned about the high level of competition in the new market. Which of the following is a correct statement regarding the firm's decision?

Answer Options

A. The firm should expand its operations into the new market because of its high growth potential.
B. The firm should not expand its operations into the new market because of the high level of competition.
Correct Answer C. The firm should conduct further market research to determine the feasibility of expanding into the new market.
D. The firm should consider partnering with a local firm to reduce the level of competition.
Correct Answer
C
Correct Option:
The firm should conduct further market research to determine the feasibility of expanding into the new market.

About This Question

This is Post Utme Elizade University 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.

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