Post Utme Igbinedion University 2021 Commerce Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2021 Commerce Objective / Multiple Choice
Question 11 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • COMMERCE • objective

A firm specializes in producing only one product. This specialization is an example of:

Answer Options

A. Economies of scale
B. Product differentiation
Correct Answer C. Production specialization
D. Division of labor
Correct Answer
C
Correct Option:
Production specialization

About This Question

This is Post Utme Igbinedion University 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Igbinedion University Commerce examination.

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