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WAEC Commerce 2016 Question 49

Question 49

Government and Business

The process of converting a non-profit making organization to a profit making business is

  1. A.indigenization.
  2. B.privatization.
  3. C.deregulation.
  4. D.commercialization.
Show the answer and explanation

Answer: D (commercialization.)

Explanation

Commercialisation makes a government enterprise run on a profit basis without selling it.