Post Utme Igbinedion University 2025 Commerce Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2025 Commerce Objective / Multiple Choice
Question 26 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • COMMERCE • objective

A company is considering the introduction of a new product line. The product has a high potential for success, but it also carries a high level of risk. The company's management is divided on whether to proceed with the new product line. Which of the following is the most appropriate decision-making approach for the company?

Answer Options

A. Analyze the market demand and competition before making a decision
Correct Answer B. Conduct a thorough risk assessment and develop a contingency plan
C. Seek the advice of a team of experts and make a decision based on their recommendations
D. Make a decision based on the company's overall strategic objectives
Correct Answer
B
Correct Option:
Conduct a thorough risk assessment and develop a contingency plan

About This Question

This is Post Utme Igbinedion University 2025 Commerce Question 26. It is one of the objective questions from the 2025 Post Utme Igbinedion University Commerce examination.

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