Post Utme Summit University 2023 Commerce Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Summit University Commerce examination.

Post Utme Summit University 2023 Commerce Objective / Multiple Choice
Question 15 POST_UTME_SUMMIT_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering two different pricing strategies for a new product. Strategy A involves a high price, while Strategy B involves a low price. Which strategy is more likely to be successful if the firm has a high level of competition?

Answer Options

A. Strategy A is more likely to be successful.
Correct Answer B. Strategy B is more likely to be successful.
C. Both strategies are equally likely to be successful.
D. The success of both strategies cannot be determined with the given information.
Correct Answer
B
Correct Option:
Strategy B is more likely to be successful.

About This Question

This is Post Utme Summit University 2023 Commerce Question 15. It is one of the objective questions from the 2023 Post Utme Summit University Commerce examination.

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