Post Utme Rhema University 2023 Commerce Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2023 Commerce Objective / Multiple Choice
Question 4 POST_UTME_RHEMA_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering two different pricing strategies for its new product. Strategy A involves a high price, while Strategy B involves a low price. Which of the following is a potential advantage of Strategy B?

Answer Options

A. Increased revenue
B. Reduced market share
Correct Answer C. Improved customer satisfaction
D. Enhanced brand reputation
Correct Answer
C
Correct Option:
Improved customer satisfaction

About This Question

This is Post Utme Rhema University 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Rhema University Commerce examination.

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