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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
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Correct Answer: Option D
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.

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