Post Utme Crawford University 2023 Commerce Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2023 Commerce Objective / Multiple Choice
Question 31 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • COMMERCE • objective

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

Answer Options

A. Increased competition
B. Improved quality control
Correct Answer C. Reduced production costs
D. Enhanced product diversity
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

This is Post Utme Crawford University 2023 Commerce Question 31. It is one of the objective questions from the 2023 Post Utme Crawford University Commerce examination.

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