Which term refers to the partial or full disposal of a business unit?

The term that refers to the partial or full disposal of a business unit is divestiture. Divestiture involves selling off a portion of a company's assets or business segments to streamline operations, improve profitability, reduce debts, or focus on core competencies. This can include selling a subsidiary, a division, or even specific assets that are no longer aligned with the company's strategic goals.

Divestiture can be a strategic decision aimed at enhancing overall business health, allowing the company to allocate resources to more profitable areas. It contrasts with other concepts, such as liquidation, which refers specifically to winding down operations and selling off all assets, often in a scenario of financial distress. Retrenchment denotes a strategy where a company reduces its expenditure or size but does not necessarily mean disposing of business units entirely. A joint venture is a partnership where two or more entities collaborate for a specific project or business opportunity, not involving the disposal of business units.