Question 25
Business OrganisationsWhen the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being
- A.indigenized
- B.restructured
- C.privatized
- D.commercialized
Show the answer and explanation
Answer: D (commercialized)
Explanation
Commercialisation makes a government-owned enterprise run on a profit basis without selling it to private owners.