Post Utme Summit University 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Summit University Commerce examination.

Post Utme Summit University 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_SUMMIT_UNIVERSITY • 2024 • COMMERCE • objective

A firm is considering two different modes of transportation: road and rail. The cost of transporting a unit of goods by road is ₦500, while the cost of transporting the same unit by rail is ₦300. If the firm wants to minimize its transportation cost, what should it do?

Answer Options

A. Use road transportation for all units
B. Use rail transportation for all units
Correct Answer C. Use a combination of road and rail transportation
D. Do not transport the goods
Correct Answer
C
Correct Option:
Use a combination of road and rail transportation

About This Question

This is Post Utme Summit University 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.

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