Liquidation
A grand strategy that involves the sale of the assets of the business for their salvage value.
Liquidation of a business involves selling the assets of the firm, paying liabilities, and distributing any remaining assets. Liquidation any result forms the sale of the business by mutual agreement of the partners, from the death of a partner, or from bankruptcy. Partnership liquidation ends both the legal and economic life of the entity.
Webster Dictionary Meaning
1. Liquidation
- The act or process of liquidating; the state of being
liquidated. Category: Management & Organization Studies
Previous: ← Divestiture Strategy
Next: Bankruptcy →
More from this Section
- Strategic business unit
An adaptation of the divisional structure in which various division or parts of divisions ... - Functional authority
Functional authority is the authority to make decisions on specific activities that are ... - Social justice approach
judging the appropriateness of a particular action based on equity, fairness and impartiality ... - Decision criteria
Criteria that define what’s important or relevant in resolving a problem, is called ... - Strong culture
Strong culture refers the organizational cultures in which the key values are intensely ...