Which of the following statements about the privatization of…

JAMB Commerce 2023 62 views

Which of the following statements about the privatization of Nigeria Telecommunications Limited (NITEL) is correct?

  1. NITEL was privatized in 2001
  2. NITEL remains a government-owned entity
  3. NITEL was privatized to improve its efficiency ✓
  4. NITEL was never privatized

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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