Post Utme Noun 2025 Commerce Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Noun Commerce examination.

Post Utme Noun 2025 Commerce Objective / Multiple Choice
Question 23 POST_UTME_NOUN • 2025 • COMMERCE • objective

A firm is considering two different pricing strategies for a new product. Strategy A involves setting a high price to maximize profit, while Strategy B involves setting a low price to maximize market share. If the firm wants to maximize its market share, which strategy should it choose?

Answer Options

A. Strategy A
Correct Answer B. Strategy B
C. Both strategies are equally effective
D. Neither strategy is effective
Correct Answer
B
Correct Option:
Strategy B

About This Question

This is Post Utme Noun 2025 Commerce Question 23. It is one of the objective questions from the 2025 Post Utme Noun Commerce examination.

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