Post Utme Futa 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Futa Commerce examination.

Post Utme Futa 2017 Commerce Objective / Multiple Choice

Question 31 POST_UTME_FUTA • 2017 • COMMERCE • objective

A business has a contract with a supplier to purchase goods at a fixed price. However, the supplier has increased the price of the goods. What should the business do?

A. Accept the increased price and continue with the contract

B. Negotiate with the supplier to reduce the price

Correct Answer C. Cancel the contract and find a new supplier

D. Pay the increased price and claim damages from the supplier

Correct Answer

Correct Option:

Cancel the contract and find a new supplier

This is Post Utme Futa 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Futa Commerce examination.

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