Question

Which term describes a business's decision to focus on producing a small

Answer 1

Answer:

The correct answer is B. Specialization.

Explanation:

Business specialization is a focus on a narrower field, being therefore a division of labor, cooperation and networking. The advantage of specialization is improved efficiency in producing a smaller number of goods, but with a better controlling of both the technique and the market.

Thus, entrepreneurs decide to put aside certain products to focus their investments on the production of a certain good, seeking to capture the market and control it. On the other hand, specialization can be negative in the event that the employer fails in his mission, losing ground in the production of other goods.