Post-UTME Economics 2011 Objective — Question 10
Question 10 of 12 from the Post-UTME Screening (Post-UTME) Economics 2011 Objective paper, with the correct answer and a full explanation.
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What could happen to business firm that fails to properly answer the question of 'for whom to produce'?
- A. poor interpersonal relationship with customers
- B. poor patronageCorrect
- C. government interferences
- D. excess supply
Explanation
Failing to identify the target consumer ('for whom') typically results in poor patronage/sales.
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