Post Utme Afe Babalola University 2018 Commerce Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2018 Commerce Objective / Multiple Choice
Question 1 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • COMMERCE • objective

A firm specializes in producing only one good. This specialization allows the firm to achieve economies of scale in production. Which of the following is a benefit of specialization?

Answer Options

A. Increased productivity
Correct Answer B. Reduced costs
C. Improved quality
D. Increased competition
Correct Answer
B
Correct Option:
Reduced costs

About This Question

This is Post Utme Afe Babalola University 2018 Commerce Question 1. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.

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