Post Utme Joseph Ayo Babalola University 2020 Commerce Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice

Question 31 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

The concept of 'production' in commerce refers to the process of creating a product or service that meets the needs of consumers. Which of the following is NOT a characteristic of production?

Answer Options

A. It involves the transformation of inputs into outputs.

Correct Answer B. It is a one-time activity.

C. It is a continuous process.

D. It is a necessary condition for profit maximization.

Correct Answer

Correct Option:

It is a one-time activity.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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