Post Utme Uniosun 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2020 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2020 • COMMERCE • objective

A firm specializes in producing a single product, which is a type of consumer good. The production process involves a series of stages, each with its own set of inputs and outputs. What is the primary advantage of specialization in this context?

Answer Options

Correct Answer A. Increased efficiency due to division of labor
B. Reduced costs due to economies of scale
C. Improved product quality due to focus on a single product
D. Enhanced customer satisfaction due to tailored products
Correct Answer
A
Correct Option:
Increased efficiency due to division of labor

About This Question

This is Post Utme Uniosun 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Uniosun Commerce examination.

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