WAEC Commerce 1991 (August) Question 2

Question 2

Production

The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as

  1. A.decentralization
  2. B.diversification
  3. C.commercialization
  4. D.specialization
  5. E.rationalization
Show the answer and explanation

Answer: D (specialization)

Explanation

Specialisation means concentrating on the work one does best.