Question 23
POST_UTME_NOUN
•
2017
•
COMMERCE
•
objective
A company is considering importing goods from a foreign country. Explain the advantages and disadvantages of this decision, using a diagram to illustrate your answer.
Answer Options
A.
The decision to import goods from a foreign country has the advantage of being able to access new markets and products, but it has the disadvantage of being subject to trade restrictions and tariffs.
B.
The decision to import goods from a foreign country has the advantage of being able to reduce costs and increase efficiency, but it has the disadvantage of being subject to quality control issues.
C.
The decision to import goods from a foreign country has the advantage of being able to increase competition and innovation, but it has the disadvantage of being subject to cultural and social issues.
Correct Answer
D.
The decision to import goods from a foreign country has the advantage of being able to reduce costs and increase efficiency, but it has the disadvantage of being subject to quality control issues and cultural and social issues.
Correct Answer
D
Correct Option:
The decision to import goods from a foreign country has the advantage of being able to reduce costs and increase efficiency, but it has the disadvantage of being subject to quality control issues and cultural and social issues.
About This Question
This is
Post Utme Noun
2017
Commerce
Question 23.
It is one of the
objective
questions from the
2017
Post Utme Noun
Commerce
examination.
