Post Utme Rhema University 2020 Commerce Question 19
Practice objective / multiple choice question 19 from the 2020 Post Utme Rhema University Commerce examination.
A company is considering exporting its products to a foreign market. The company's export manager estimates that the demand for the product in the foreign market will be 10,000 units per year, with a price of ₦500 per unit. If the company's production cost is ₦300 per unit, and the company wants to make a profit of 20% on its sales, what should be the minimum price at which the company should sell the product in the foreign market?
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About This Question
This is Post Utme Rhema University 2020 Commerce Question 19. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.
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