Post Utme Lead City University 2023 Commerce Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2023 Commerce Objective / Multiple Choice
Question 16 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • 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 Lead City University 2023 Commerce Question 16. It is one of the objective questions from the 2023 Post Utme Lead City University Commerce examination.

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