Post Utme Redeemers University 2025 Commerce Question 31
Practice objective / multiple choice question 31 from the 2025 Post Utme Redeemers University Commerce examination.
A consumer protection agency is considering a new regulation that would require all businesses to provide a 30-day money-back guarantee for their products. If the agency estimates that 20% of consumers would take advantage of the guarantee, and the average cost of processing a refund is ₦1000, what would be the total cost of the regulation for a business that sells 1000 units of its product per year?
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This is Post Utme Redeemers University 2025 Commerce Question 31. It is one of the objective questions from the 2025 Post Utme Redeemers University Commerce examination.
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