The process of converting a non-profit making organisation t…

JAMB Commerce 2023 182 views
Source: JAMB · 2023

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

  1. indigenisation
  2. privatisation
  3. deregulation
  4. commercialisation ✓
Explanation

Commercialisation means running a public or non-profit organisation like a business so that it earns profit.

Privatisation is different. It transfers ownership from government to private people. Deregulation removes government controls.

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