POST UTME GREENFIELD UNIVERSITY 2024 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 80% full. If 500 units are added to the warehouse, what is the new percentage of capacity?
Question 2
A marketing manager is developing a new product launch campaign. Which of the following marketing mix elements is most relevant to the product's life cycle stage?
Question 3
A company is considering exporting its products to a foreign market. What is the primary factor to consider when evaluating the feasibility of this decision?
Question 4
A company is considering implementing a just-in-time inventory system. Which of the following would be the most significant advantage of this system?
Question 5
A firm is considering exporting its product to a foreign market. The firm's cost function is given by C = 2Q + 10, and the firm's revenue function is given by R = 3Q. If the firm wants to maximize its profit, what is the optimal level of output?
Question 6
A consumer has an income of ₦10,000 and faces the following prices for two goods: good X costs ₦2,000 per unit and good Y costs ₦1,500 per unit. The consumer's indifference curves are given by the equation U = 2X^0.5Y^0.5. What is the consumer's optimal bundle of goods X and Y?
Question 7
A consumer has an income of ₦10,000 and faces the following prices for two goods: good X costs ₦2,000 per unit and good Y costs ₦1,500 per unit. The consumer's indifference curves are given by the equation U = 2X^0.5Y^0.5. What is the consumer's optimal bundle of goods X and Y?
Question 8
A logistics company is responsible for transporting goods from a warehouse to a customer. What is the primary advantage of using a transportation management system (TMS) to manage this process?
Question 9
A company is considering launching a new product in a foreign market. What is the primary benefit of using a market research report to inform this decision?
Question 10
A company's marketing strategy involves creating a brand identity that is
Question 11
A firm's production process involves the following steps: raw material procurement, manufacturing, quality control, and packaging. Which of the following is an example of a constraint in the production process?
Question 12
A consumer has an income of ₦10,000 and faces the following prices for two goods: good X costs ₦2,000 per unit and good Y costs ₦1,500 per unit. The consumer's indifference curves are given by the equation U = 2X^0.5Y^0.5. What is the consumer's optimal bundle of goods X and Y?
Question 13
In a perfectly competitive market, the supply curve is upward-sloping because
Question 14
A logistics company uses a transportation mode that involves the movement of goods by land, sea, and air. What is the primary advantage of this mode?
Question 15
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full. If 500 units are added to the warehouse, what is the new percentage of capacity?
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