Post Utme Uniosun 2023 Commerce Question 26

Practice objective / multiple choice question 26 from the 2023 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2023 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UNIOSUN • 2023 • COMMERCE • objective

A firm specializes in producing a single product, which is a variant of a product offered by a competitor. The firm's production process is highly efficient, and it can produce the product at a lower cost than its competitor. However, the firm's product is not as well-known as its competitor's product, and it has a smaller market share. What is the likely effect of the firm's specialization on its market share?

Answer Options

A. The firm's market share will increase due to its lower production cost.
Correct Answer B. The firm's market share will decrease due to its smaller market presence.
C. The firm's market share will remain the same due to its efficient production process.
D. The firm's market share will increase due to its well-known product.
Correct Answer
B
Correct Option:
The firm's market share will decrease due to its smaller market presence.

About This Question

This is Post Utme Uniosun 2023 Commerce Question 26. It is one of the objective questions from the 2023 Post Utme Uniosun Commerce examination.

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