___ involves selling off parts of an organization to refocus on core competencies, cut costs, and improve operating efficiencies.

Question

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Divestiture involves selling off parts of an organization to refocus on core competencies, cut costs, and improve operating efficiencies. Diversification is the opposite strategy of expanding into new markets, while concentration involves focusing on a single product, service, or market. Turnaround involves reversing a company's decline, and liquidation involves selling off all assets to pay creditors and close the company.

___ Involves Selling Off Parts of an Organization to Refocus