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Divestiture  
Level
Associate
'Divestiture' is a fancysophisticated or elegant way of saying 'selling or getting rid of.' Imagine a company deciding to sell off parts of their business that aren't doing well. That's divestiture.
Context
Business
In terms of business strategy, 'divestiture' can be a move to improve efficiencyability to avoid wasted effort. A CEO might say, 'We are going ahead with the divestiture of our manufacturing segment to focus more on core operationsmain business activities.'

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