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WAEC Commerce 1996 Question 39

Question 39

Government and Business

When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as

  1. A.nationalization
  2. B.commercialization
  3. C.take-over bid
  4. D.privatization
  5. E.indigenization
Show the answer and explanation

Answer: B (commercialization)

Explanation

Commercialisation keeps government ownership but runs the corporation to make profit.