Post Utme Unn 2017 Commerce Question 6

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

Post Utme Unn 2017 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNN • 2017 • COMMERCE • objective

The concept of specialization in commerce refers to the process by which a firm focuses on producing a specific product or service, thereby increasing its efficiency and productivity. Which of the following is a characteristic of specialization?

Answer Options

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

About This Question

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

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