Post Utme Nile University 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Nile University Commerce examination.

Post Utme Nile University 2021 Commerce Objective / Multiple Choice
Question 21 POST_UTME_NILE_UNIVERSITY • 2021 • COMMERCE • objective

In a production process, specialization occurs when a firm focuses on producing a specific product or service, leading to increased efficiency and productivity. What is the primary benefit of specialization in a production process?

Answer Options

A. Increased competition
B. Improved quality control
Correct Answer C. Reduced production costs
D. Increased market share
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

This is Post Utme Nile University 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Nile 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