WAEC Commerce 2016 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Commerce 2016 Objective paper, with the correct answer and a full explanation.
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49. The process of converting a non-profit making organization to a profit-making business is A. indigenization B. privatization C. deregulation D. commercialization
- A. indigenization
- B. privatizationCorrect
- C. deregulation
- D. commercialization
Explanation
Privatisation involves converting an institution which is not profit oriented to a profit oriented one.
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