Post Utme Rhema University 2020 Commerce Question 13
Practice objective / multiple choice question 13 from the 2020 Post Utme Rhema University Commerce examination.
A company is considering setting up a new production line to manufacture a new product. The production line will require an initial investment of ₦10 million and will generate an annual revenue of ₦5 million. However, the company expects the market demand for the product to decrease by 20% each year. What is the minimum number of years that the company must operate the production line to break even?
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About This Question
This is Post Utme Rhema University 2020 Commerce Question 13. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.
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