Post Utme Mountain Top University 2021 Commerce Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2021 Commerce Objective / Multiple Choice
Question 1 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • COMMERCE • objective

A firm specializes in producing a single product, which is a type of commodity. What is the primary advantage of this specialization?

Answer Options

Correct Answer A. Economies of scale
B. Increased competition
C. Reduced production costs
D. Improved product quality
Correct Answer
A
Correct Option:
Economies of scale

About This Question

This is Post Utme Mountain Top University 2021 Commerce Question 1. It is one of the objective questions from the 2021 Post Utme Mountain Top University Commerce examination.

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