Post Utme Lasu 2022 Commerce Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Lasu Commerce examination.

Post Utme Lasu 2022 Commerce Objective / Multiple Choice
Question 30 POST_UTME_LASU • 2022 • COMMERCE • objective

A firm is considering two different pricing strategies for its product. Strategy A involves setting a high price to maximize profits, while Strategy B involves setting a low price to increase market share. Which strategy is most suitable for a firm that wants to maximize its profits?

Answer Options

Correct Answer A. Strategy A, as it allows the firm to maximize its profits.
B. Strategy B, as it allows the firm to increase its market share.
C. The firm should choose the strategy that maximizes its customer satisfaction.
D. The firm should choose the strategy that minimizes its costs.
Correct Answer
A
Correct Option:
Strategy A, as it allows the firm to maximize its profits.

About This Question

This is Post Utme Lasu 2022 Commerce Question 30. It is one of the objective questions from the 2022 Post Utme Lasu Commerce examination.

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