Question

Bayne Corp. announced that it was selling off its pork division in order to realign itself more competitively in the marketing of its other products. This is an example of managing the task environment through ______________.

Answer 1

Answer:

Divestment

Explanation:

Divestment is the opposite to investment: consists in selling off, or giving up on some business operations, with the goal of increasing focus on a smaller subset of activities.

Divestment can also occur when a company is going through financial difficulties, and needs to sell off part of its operation in order to pay off debts, or obtain much needed cash.

Bayne Crop likely found out that the pork market was difficult, and decided to abandon it, focusing instead on other divisions in which the firm is likely to be more competitive.