Post Utme Igbinedion University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering the introduction of a new agricultural product. U\sing the concept of agricultural economics, explain why the firm might choose to invest in the product.

Answer Options

Correct Answer A. The firm can use the concept of agricultural economics to justify investing in the product as a means of increa\sing the firm's revenue and market share.
B. The firm can use the concept of agricultural economics to justify investing in the product as a means of improving the firm's efficiency and productivity.
C. The firm can use the concept of agricultural economics to justify investing in the product as a means of reducing the firm's \costs and increa\sing its profit margins.
D. The firm can use the concept of agricultural economics to justify investing in the product as a means of improving the firm's ability to adapt to changing market conditions and consumer preferences.
Correct Answer
A
Correct Option:
The firm can use the concept of agricultural economics to justify investing in the product as a means of increa\sing the firm's revenue and market share.

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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