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___ involves closing operations and selling assets to pay creditors.
A) Strategic alliances
B) Divestiture
C) Turnaround
D) Diversification
E) Liquidation
Liquidation
What occurs when a business closes and sells its assets to pay creditors.
Closing Operations
The process of shutting down business activities and ceasing operations, often involving selling assets, paying off debts, and distributing remaining funds to owners or shareholders.
Selling Assets
The act of disposing of assets, such as property, equipment, or investments, for the purpose of liquidity, capital, or to reduce debt.
- Familiarize oneself with strategies conducive to business refreshment and equilibrium, such as reconfiguration, revival efforts, and liquidation processes.
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Learning Objectives
- Familiarize oneself with strategies conducive to business refreshment and equilibrium, such as reconfiguration, revival efforts, and liquidation processes.
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