The process of converting a non-profit making organisation to a profit-making business is ____________
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Correct Answer: Option D
Explanation:
Commercialisation is the process of making an organisation operate on a commercial basis with the aim of generating revenue and making profit. Unlike privatisation, which involves transferring ownership from the government to private individuals or organisations, commercialisation can retain government ownership while requiring the enterprise to operate more efficiently and profitably.
Commercialisation is the process of making an organisation operate on a commercial basis with the aim of generating revenue and making profit. Unlike privatisation, which involves transferring ownership from the government to private individuals or organisations, commercialisation can retain government ownership while requiring the enterprise to operate more efficiently and profitably.