Post Utme Joseph Ayo Babalola University 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2019 Commerce Objective / Multiple Choice
Question 11 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • COMMERCE • objective

A firm specializes in producing only one product. This specialization is an example of which of the following production concepts?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

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