Post Utme Lautech 2020 Commerce Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Lautech Commerce examination.

Post Utme Lautech 2020 Commerce Objective / Multiple Choice

Question 26 POST_UTME_LAUTECH • 2020 • COMMERCE • objective

A firm specializes in producing only one product. Which of the following is a disadvantage of specialization?

Answer Options

Correct Answer A. Higher production costs

B. Lower production costs

C. Increased market share

D. Reduced competition

Correct Answer

Correct Option:

Higher production costs

About This Question

This is Post Utme Lautech 2020 Commerce Question 26. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.

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