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Product divestification refers to the strategy of a company selling off or reducing its range of products or business units to focus on core areas or improve financial performance. This process can help a company streamline operations, allocate resources more effectively, and enhance profitability by eliminating underperforming or non-core products. Ultimately, divestification allows businesses to concentrate on their strengths and adapt to changing market conditions.

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Q: What is product divestification?
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