Post Utme Joseph Ayo Babalola University 2017 Commerce Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2017 Commerce Objective / Multiple Choice
Question 1 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A firm specializes in producing a single product. Which of the following is a characteristic of specialization?

Answer Options

A. Economies of scale
B. Increased competition
Correct Answer C. Reduced production costs
D. Improved product quality
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 1. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

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