Post Utme Al Hikmah University 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2022 Commerce Objective / Multiple Choice
Question 31 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • COMMERCE • objective

The concept of specialization in commerce refers to the process by which a firm focuses on producing a specific product or service, thereby increasing its efficiency and reducing costs. Which of the following is a benefit of specialization in commerce?

Answer Options

A. Increased competition
B. Improved product quality
Correct Answer C. Reduced production costs
D. Increased market share
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

This is Post Utme Al Hikmah University 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Commerce examination.

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