WAEC Commerce 1998 Question 62

Question 62

Government and Business

The major aim of indigenization is to

  1. A.standardize products
  2. B.accelerate participation of citizens in business
  3. C.promote international co-operation
  4. D.differentiate a country's product from the others
  5. E.discourage foreign investment
Show the answer and explanation

Answer: B (accelerate participation of citizens in business)

Explanation

Indigenisation increases citizens' ownership and control of business.