Post Utme Babcock University 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2022 Commerce Objective / Multiple Choice

Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2022 • COMMERCE • objective

A firm specializes in producing a single product, which is a type of commodity. The commodity is characterized by its homogeneity and perfect substitutability. What is the name of this type of commodity?

Answer Options

Correct Answer A. Standardized commodity

B. Specialized commodity

C. Homogeneous commodity

D. Perfectly substitutable commodity

Correct Answer

Correct Option:

Standardized commodity

About This Question

This is Post Utme Babcock University 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Babcock University Commerce examination.

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