Question

In order to allow the company to focus on more lucrative​ products, Johnson​ & Johnson sold its Ortho Clinical Diagnostics Division. This is an example of​ a(n) _______.

Answer 1

Answer:

Divestiture

Explanation:

Divestiture is a term often used in business operations that describes a situation whereby a firm sells part of its assets for the purpose of concentrating on other assets of the firm that are more profitable.

Hence, in this case, when Johnson​ & Johnson sold its Ortho Clinical Diagnostics Division in order to allow the company to focus on more lucrative​ products is an example of DIVESTITURE.