Post Utme Futo 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Futo Commerce examination.

Post Utme Futo 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_FUTO • 2024 • COMMERCE • objective

A company is considering launching a new product in a market where there are already several established brands. The company's marketing manager has estimated that the new product will capture 10% of the market share in the first year, and 20% of the market share in the second year. What is the expected market share of the new product after two years?

Answer Options

A. 15%
Correct Answer B. 20%
C. 25%
D. 30%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Futo 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Futo Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support