Post Utme Wellspring University 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2023 Commerce Objective / Multiple Choice
Question 27 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • COMMERCE • objective

A company's marketing mix includes product, price, place, and promotion. If a company decides to increase the price of its product by 15%, what effect will this have on its sales volume?

Answer Options

A. Increase by 10%
Correct Answer B. Decrease by 10%
C. No change
D. Increase by 20%
Correct Answer
B
Correct Option:
Decrease by 10%

About This Question

This is Post Utme Wellspring University 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Wellspring University Commerce examination.

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