Post Utme Crawford University 2019 Commerce Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • COMMERCE • objective

In a production process, specialization occurs when a firm focuses on producing a specific product or service, leading to increased efficiency and productivity. What is the primary benefit of specialization in production?

Answer Options

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

About This Question

This is Post Utme Crawford University 2019 Commerce Question 16. It is one of the objective questions from the 2019 Post Utme Crawford University Commerce examination.

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