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SS3: COMMERCE - 1ST TERM

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  1. Business and Its Environment | Week 1
    2 Topics
    |
    1 Quiz
  2. Introduction to Marketing | Week 2
    6 Topics
    |
    2 Quizzes
  3. Consumer Protection | Week 3
    1 Topic
  4. Instruments for Protection | Week 4
    9 Topics
  5. Agencies that Educate and Protect Consumers | Week 5
    8 Topics
    |
    2 Quizzes
  6. Business Documents | Week 6
    3 Topics
    |
    2 Quizzes
  7. Means of Payment | Week 7
    5 Topics
    |
    1 Quiz
  8. Commercialization | Week 8
    4 Topics
  9. Privatization | Week 9
    4 Topics



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Below are some reasons for commercialization;

1. Reduction in Operational Inefficiency: To reduce operational inefficiency and gross incompetence on the part of the management.

2. Revenue Generation: It helps the government to generate revenue.

3. Eradication of Corruption: It helps to reduce or eradicate mismanagement corruption and embezzlement of government funds.

4. Attraction of Foreign Investment: It will help to attract direct foreign investment into the country’s economy.

5. Profit Orientation: It will help to reposition the organization on the part of profitability and viability.

6. Elimination of Problem of Obsolete Technology: It reduces the problem of outdated equipment. It will attract new investors that will help to do away with absolute equipment.

7. Liberalization of the Economy: It allows free competition among private investors.

8. To Relieve the Government of Burden OF Finance: The government will be free from unproductive investment in form of subventions and subsidies to public enterprises.

9. To Reduce Excessive Governmental Control: The problem of excessive bureaucratic control and intervention on the part of the government will be addressed.

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