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Which of the following best describes a spin-off? It involves creating a new company whose stock is owned by investors. It requires moving into new

Which of the following best describes a spin-off?

It involves creating a new company whose stock is owned by investors.

It requires moving into new value chains.

It refers to selling off part of a firm's operations.

It involves a firm acquiring a rival's business.

It involves simply shutting down portions of a firm's operations.

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