Post Utme Lead City University 2022 Commerce Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2022 Commerce Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • 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 characteristic of specialization in production?

Answer Options

A. Increased competition in the market
B. Improved product quality
Correct Answer C. Reduced production costs
D. Increased production time
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

This is Post Utme Lead City University 2022 Commerce Question 21. It is one of the objective questions from the 2022 Post Utme Lead City University Commerce examination.

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