Post-UTME Economics 2011 Objective — Question 8
Question 8 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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In order for a product to increase their sales, they should
- A. increase their production
- B. sell their product themselves
- C. ensure that their product price is lowCorrect
- D. increase their middlemen
Explanation
Lowering price is a classic, direct strategy to increase sales volume.
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