Post Utme Caleb University 2017 Commerce Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2017 Commerce Objective / Multiple Choice
Question 28 POST_UTME_CALEB_UNIVERSITY • 2017 • COMMERCE • objective

A company is considering two production strategies: one that focuses on mass production and another that focuses on customized production. If the company wants to maximize its profit, which strategy would you recommend and why?

Answer Options

A. Mass production because it is more cost-effective
Correct Answer B. Customized production because it can increase customer satisfaction
C. Both strategies are equally effective and the company should choose one based on its target market
D. Neither strategy is effective and the company should choose a different approach
Correct Answer
B
Correct Option:
Customized production because it can increase customer satisfaction

About This Question

This is Post Utme Caleb University 2017 Commerce Question 28. It is one of the objective questions from the 2017 Post Utme Caleb University Commerce examination.

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