DIVESTITURE Definition

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DIVESTITURE is the sale by a company of a product line, a subsidiary or a division.

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PERIOD COST is an expense that is not inventoriable; it is charged against sales revenues in the period in which the revenue is earned (e.g., SG&A is a period cost). Also called period expense.

LOSS LEADER is a featured article of merchandise sold at a loss in order to draw customers.

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