Your organization mainly focuses on the production of bicycles for selling it around the world. In addition to this, the organization also produces scooters. The management wants to restrict its line of production to bicycles. Therefore, it decides to sell the scooter production department to another competitor. Which of the following terms best describes the sale of the scooter production department to your competitor?

Question

Quizplus · Accepted Answer

Divestiture refers to the process of selling off a part of a company, such as a division or department, to focus on core operations.

Your Organization Mainly Focuses on the Production of Bicycles for Selling