A giant telecommunications company that was previously owned by the government of Sunzabia, a European country, is sold to an in

Question

IRISSAK [1]

3 years ago

12

A giant telecommunications company that was previously owned by the government of Sunzabia, a European country, is sold to an in

dependent industrialist to ensure that the company is handled in a more efficient way. This scenario exemplifies _____.

Business

1 answer:

zmey [24] · Answer 1 · 2021-12-07T02:04:07+03:00

<span>The scenario in which giant telecommunications company that was previously owned by the government of Sunzabia, a European country, is sold to an independent industrialist to ensure that the company is handled in a more efficient way exemplifies privatization.
</span><span>A publicly traded company (in this case owned by the government of Sunzabia) is bought by private investors (in this case independent industriailst).</span>