Post Utme Unilag 2017 Commerce Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Unilag Commerce examination.

Post Utme Unilag 2017 Commerce Objective / Multiple Choice

Question 8 POST_UTME_UNILAG • 2017 • COMMERCE • objective

A company is considering outsourcing its production to a foreign country. What are the potential benefits and drawbacks of this decision?

Correct Answer A. Benefits: lower labor costs, increased efficiency; Drawbacks: loss of control, potential quality issues

B. Benefits: increased market share, improved brand image; Drawbacks: higher transportation costs, potential cultural differences

C. Benefits: improved supply chain management, reduced risk; Drawbacks: loss of jobs, potential trade barriers

D. Benefits: increased flexibility, improved innovation; Drawbacks: higher costs, potential quality issues

Correct Answer

Correct Option:

Benefits: lower labor costs, increased efficiency; Drawbacks: loss of control, potential quality issues

This is Post Utme Unilag 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Unilag Commerce examination.

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