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WAEC 2025

Which of the following factors would influence a company's decision to change its production process?

  1. ATechnological factor
  2. BSocial factor
  3. CPolitical factor
  4. DDemographic factor

Explanation

Technological factors involve advancements, automation, and new machinery, which directly compel a company to update or change its production process to improve efficiency, reduce costs, and maintain competitiveness.

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