Post Utme Unilorin 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A firm specializes in the production of a single good or service. What is this type of production called?

Answer Options

A. Division of Labor
B. Economies of Scale
C. Monopoly
Correct Answer D. Specialization
Correct Answer
D
Correct Option:
Specialization

About This Question

This is Post Utme Unilorin 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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