Post Utme Rhema University 2021 Commerce Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2021 Commerce Objective / Multiple Choice
Question 32 POST_UTME_RHEMA_UNIVERSITY • 2021 • COMMERCE • objective

A firm is considering two different advertising strategies for its new product. Strategy A involves a one-time payment of ₦500,000 and a monthly payment of ₦50,000 for 12 months. Strategy B involves a one-time payment of ₦300,000 and a monthly payment of ₦75,000 for 12 months. If the firm expects to sell 10,000 units of the product per month, what is the total cost of Strategy A?

Answer Options

Correct Answer A. ₦6,500,000
B. ₦7,500,000
C. ₦8,500,000
D. ₦9,500,000
Correct Answer
A
Correct Option:
₦6,500,000

About This Question

This is Post Utme Rhema University 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Rhema University Commerce examination.

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