Post Utme Futo 2025 Commerce Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Futo Commerce examination.

Post Utme Futo 2025 Commerce Objective / Multiple Choice
Question 26 POST_UTME_FUTO • 2025 • 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 characteristic of specialization in production?

Answer Options

A. Increased competition in the market
Correct Answer B. Reduced production costs
C. Improved product quality
D. Increased market share
Correct Answer
B
Correct Option:
Reduced production costs

About This Question

This is Post Utme Futo 2025 Commerce Question 26. It is one of the objective questions from the 2025 Post Utme Futo Commerce examination.

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