Post Utme Uniben 2017 Commerce Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Uniben Commerce examination.

Post Utme Uniben 2017 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNIBEN • 2017 • COMMERCE • objective

The concept of 'production' in commerce refers to the process of creating a product or service that meets the needs of consumers. Which of the following best describes the primary goal of production?

Answer Options

A. To maximize profits
B. To minimize costs
Correct Answer C. To meet consumer demand
D. To increase market share
Correct Answer
C
Correct Option:
To meet consumer demand

About This Question

This is Post Utme Uniben 2017 Commerce Question 6. It is one of the objective questions from the 2017 Post Utme Uniben Commerce examination.

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