Post Utme Madonna University 2024 Commerce Question 1

Practice objective / multiple choice question 1 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice
Question 1 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

A company is considering the introduction of a new product line. The product requires a significant investment in production facilities and marketing. However, the company's financial analysis suggests that the product will generate a high return on investment. Which of the following business strategies is most appropriate for this situation?

Answer Options

A. Anchoring strategy
Correct Answer B. Diversification strategy
C. Concentration strategy
D. Cost leadership strategy
Correct Answer
B
Correct Option:
Diversification strategy

About This Question

This is Post Utme Madonna University 2024 Commerce Question 1. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

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