Post Utme Esut 2019 Commerce Question 16

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

Post Utme Esut 2019 Commerce Objective / Multiple Choice
Question 16 POST_UTME_ESUT • 2019 • COMMERCE • objective

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

Answer Options

A. Increased competition
B. Improved quality of products
Correct Answer C. Reduced production costs
D. Increased market share
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

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

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