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

A) Diversification
B) Concentration
C) Divestiture
D) Turnaround
E) Liquidation

Divestiture

Divestiture is the process of selling off or disposing of an asset or division of a company as a strategic business decision.

Core Competencies

Unique strengths and abilities that a company or an individual possesses which distinguish them from competitors.

Operating Efficiencies

The ratio of productive output to operational inputs, reflecting the effectiveness and economy with which resources are utilized in production.