Post Utme Joseph Ayo Babalola University 2019 Commerce Question 36

Practice objective / multiple choice question 36 from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2019 Commerce Objective / Multiple Choice
Question 36 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • 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 reducing costs. Which of the following is a benefit of specialization in production?

Answer Options

A. Increased competition
B. Improved product quality
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 Joseph Ayo Babalola University 2019 Commerce Question 36. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

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