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Business Studies

History of Outsourcing

Conversion of...

Question

Conversion of an object as a product and economical value of such service or activity that may trade in market is called ___________.

A

Urbanisation

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B

Commercialisation

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C

Industrialisation

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D

Privatisation

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Solution

The correct option is D Commercialisation
Conversion of an object into a product so that it can be traded in the market is called commercialization. It is the process of introducing a new product or production method into commerce.

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