Post Utme Uniben 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Uniben Commerce examination.

Post Utme Uniben 2021 Commerce Objective / Multiple Choice

Question 24 POST_UTME_UNIBEN • 2021 • COMMERCE • objective

A company is considering outsourcing its production to a foreign country. Explain the potential benefits of outsourcing production.

Correct Answer A. Lower production costs, as labor costs are typically lower in foreign countries.

B. Increased competition, as foreign companies may offer lower prices.

C. Improved quality, as foreign companies may have better production processes.

D. Increased market share, as foreign companies may have a larger market presence.

Correct Answer

Correct Option:

Lower production costs, as labor costs are typically lower in foreign countries.

This is Post Utme Uniben 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Uniben Commerce examination.

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