When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as be...

When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being

Answer Details

When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being commercialized. Commercialization of a business involves introducing market principles into the operation of the business in order to increase its profitability. This can include cost-cutting measures, introducing new revenue streams, and restructuring the organization to be more efficient. The goal is to make the business more competitive and profitable, while still retaining some degree of government control or ownership.