______ enables formerly government-controlled enterprises to be available for purchase by foreign firms, thus reducing boundaries.Select one:a.Privatizationb.Team-based managementc.Downsizingd.Productivity
Question
______ enables formerly government-controlled enterprises to be available for purchase by foreign firms, thus reducing boundaries.Select one:a.Privatizationb.Team-based managementc.Downsizingd.Productivity
Solution
The correct answer is a. Privatization. This process involves transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (a government) to the private sector, either to a business that operates for a profit or to a nonprofit organization. This can also result in the foreign purchase of formerly government-controlled enterprises, thus reducing boundaries.
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