Question : Case Study 10:

XYZ Corp. is a technology-based company operating in a country that recently went through a privatization process. The company is facing changes in the regulatory environment.

Q:- What does the term "privatization" refer to?
 

 

 

Option 1: The process of reducing government intervention in the economy

Option 2: The process of nationalizing private companies

Option 3: The process of selling government-owned assets to private entities

 

Option 4: The process of promoting import restrictions


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: The process of selling government-owned assets to private entities


Solution : The correct answer is (C) The process of selling government-owned assets to private entities

The term "privatization" refers to the process of selling government-owned assets or enterprises to private entities. It involves transferring ownership and control of state-owned or public-sector assets to private individuals, corporations, or non-governmental organizations. Privatization is often undertaken to reduce government ownership and involvement in certain industries or businesses.

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