Post Utme Eksu 2019 Commerce Question 16

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

Post Utme Eksu 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_EKSU • 2019 • COMMERCE • objective

A firm specializes in producing only one product. This specialization allows the firm to achieve economies of scale in production. However, it also means that the firm is vulnerable to fluctuations in demand for that product. What is the name of this phenomenon?

Answer Options

Correct Answer A. Risk
B. Diversification
C. Economies of scale
D. Monopolistic competition
Correct Answer
A
Correct Option:
Risk

About This Question

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

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