Really Big Financial Co.has been forced to sell the under performing mortgage division so that senior management can focus on the relatively profitable sector of private banking.Mostly likely the company is pursuing a generic business strategy of _________.

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Retrenchment is a generic business strategy that involves cutting back on operations, selling off unprofitable divisions, and focusing on the core areas of the business that generate the most profit. In this case, Really Big Financial Co. is selling off its underperforming mortgage division to focus on the profitable sector of private banking, which is indicative of a retrenchment strategy.