Post Utme Uniport 2025 Commerce Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Uniport Commerce examination.

Post Utme Uniport 2025 Commerce Objective / Multiple Choice
Question 21 POST_UTME_UNIPORT • 2025 • COMMERCE • objective

A company is considering the introduction of a new product line in the Nigerian market. The product is a high-end smartphone with advanced features. However, the company is concerned about the potential risks associated with the product's high price point. Which of the following strategies would be most effective in mitigating these risks?

Answer Options

Correct Answer A. Conducting market research to gauge consumer demand and willingness to pay
B. Offering discounts and promotions to attract price-sensitive customers
C. Focusing on the product's unique features and benefits to justify the high price
D. Partnering with influencers and celebrities to promote the product
Correct Answer
A
Correct Option:
Conducting market research to gauge consumer demand and willingness to pay

About This Question

This is Post Utme Uniport 2025 Commerce Question 21. It is one of the objective questions from the 2025 Post Utme Uniport Commerce examination.

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