GCE Commerce 2023 Objective — Question 43
Question 43 of 50 from the General Certificate of Education (GCE) Commerce 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
Operating a state owned enterprise with the intention of making more profit is (a) commercialization (b) deregulation (c) nationalization (d) privatization
- A. commercializationCorrect
- B. deregulation
- C. nationalization
- D. privatization
Explanation
Commercialization is the process of transforming a state-owned enterprise into a profit-making entity, giving it more autonomy and introducing competition.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.