Question

The process of privatisation is where ________.

• A. services that were previously supplied internally are outsourced
• B. a company is transferred from public limited by closure of an enterprise
• C. a state-owned or nationalised corporation is sold to the private sector through sale of equity
• D. all of the above

Answer 1

The correct option is A services that were previously supplied internally are outsourced

Privatization describes the process by which a property or business goes from being owned by the government to being privately owned. Note that privatization also describes the transition of a company from being publicly traded to becoming privately held. This is referred to as corporate privatization.