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) _______.

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.

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) _______.

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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) _______.