1 1.3.2 Quiz: Specialization Question 1 of 10
Which statement best illustrates an example of economic specialization?
A. A country decides to stop importing goods from foreign
companies.
B. An artist becomes an expert at designing websites for
restaurants,
C. A business owner only hires employees with a wide variety of
skills.
D. An employee leaves a large corporation to start her own business.
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B. An artist becomes an expert at designing websites for

restaurants,

Explanation:

Specialization means focusing on one or very few lines of business. It is concentrating on the products or services that a firm or an individual feels they are best suited.  Specialization leads to mastery in the trade or craft that one focuses on.

An artist concentrating on designing websites for restaurants becomes an expert in that business. He or she acquires operational efficiency, which brings his production costs down. The artist will be specializing in website designs for restaurants.

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c.

clarify customers’ doubts only when asked.