Resource committees into the production of relatively few commodities is known as

Assessment: JAMB UTME - Commerce - 2015 Subject: Commerce

Question 1 Report

Resource committees into the production of relatively few commodities is known as
Answer Details
The term you are referring to is "Specialization". Specialization refers to the process of focusing on producing a specific product or a limited number of products, rather than producing a wide range of products. This allows a company, country, or region to become an expert in producing that specific product and to increase efficiency, quality, and competitiveness. For example, if a country specializes in producing and exporting coffee, it is likely to have a higher quality coffee, a more efficient production process, and a lower cost of production compared to a country that tries to produce a wide range of products, including coffee.
Read lesson note on Production (WAEC)
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