Asked by
Shaniya Moore
on Oct 22, 2024
Verified
___ is where a business closes and sells its assets to pay creditors.
A) Concentration
B) Diversification
C) Vertical integration
D) Liquidation
E) Strategic alliance
Liquidation
The process of closing a business and distributing its assets to claimants, typically when a company is insolvent.
Sells Assets
Involves the process of disposing of or selling off physical or intangible assets by a company or individual.
- Identify tactics appropriate for rejuvenating and stabilizing businesses, including reorganization, recovery, and dissolution.
Verified Answer
HR
Learning Objectives
- Identify tactics appropriate for rejuvenating and stabilizing businesses, including reorganization, recovery, and dissolution.
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