Business, Legal & Accounting Glossary
A strategy used by corporations to reduce the diversity or the overall size of the operations of the company. This strategy is often used in order to cut expenses with the goal of becoming a more financially stable business. Typically this strategy involves withdrawing from certain markets or the discontinuation of selling certain products or service in order to make a beneficial turnaround.
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This glossary post was last updated: 8th January, 2020 | 13 Views.