Post Utme Greenfield University 2023 Commerce Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2023 Commerce Objective / Multiple Choice
Question 14 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering adopting a new production technology that will increase its production capacity. However, the technology requires a significant investment in new equipment and training for the workforce. The firm's management team should consider the following factors when making a decision:

Answer Options

Correct Answer A. The cost of the new equipment, the cost of training the workforce, and the potential increase in production capacity
B. The cost of the new equipment, the cost of training the workforce, and the potential decrease in production costs
C. The cost of the new equipment, the cost of training the workforce, and the potential increase in market share
D. The cost of the new equipment, the cost of training the workforce, and the potential decrease in market share
Correct Answer
A
Correct Option:
The cost of the new equipment, the cost of training the workforce, and the potential increase in production capacity

About This Question

This is Post Utme Greenfield University 2023 Commerce Question 14. It is one of the objective questions from the 2023 Post Utme Greenfield University Commerce examination.

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