Which type of strategy is best utilized for exiting a market by selling or closing down the business or eliminating the product?

Question

Quizplus · Accepted Answer

The best strategy for exiting a market by selling or closing down the business or eliminating the product is a divest strategy. Divesting means selling or closing down a business or product line. This strategy is best for companies that want to cut their losses, generate cash quickly or focus on their core business strengths. A divest strategy involves eliminating underperforming assets, which can lead to a better return on investment for the remaining operations.

Which Type of Strategy Is Best Utilized for Exiting a Market