Post Utme Mountain Top University 2023 Commerce Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2023 Commerce Objective / Multiple Choice
Question 21 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • 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 productivity. Which of the following is a benefit of specialization in production?

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2023 Commerce Question 21. It is one of the objective questions from the 2023 Post Utme Mountain Top University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support