The process of converting a non-profit making organisation to a profit-making business is
COMMERCE
JAMB 2023
The process of converting a non-profit making organisation to a profit-making business is
- A. commercialisation
- B. deregulation
- C. indigenisation
- D. privatisation
Correct Answer: D. privatisation
Explanation
Privatization occurs when a government-owned business, operation, or property becomes owned by a private, non-government party. Privatization may also describe a transition that takes a company from being publicly traded to becoming privately held.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *