The process of converting a non-profit making organisation to a profit-making business is ________?

Answer Details

The process of converting a non-profit making organization to a profit-making business is called commercialization. Commercialization refers to the process of taking a product, service, technology, or idea and making it ready for the marketplace. This involves developing a business model, determining pricing, and creating a marketing strategy to reach customers. In the case of a non-profit organization, commercialization means changing its focus from serving a social cause to generating profits for its owners or shareholders. This can involve selling products or services, investing in profitable ventures, or making other changes to its operations to increase revenue and reduce costs.