What Is a Segment Elimination Decision? Under What Conditions Should

question 63

Essay

What is a segment elimination decision? Under what conditions should a company decide to eliminate a segment?

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Definitions:

Possession

The act of having control over an object or property, with or without legal ownership.

Bailment

The temporary placement of control over, or possession of personal property by one person, the bailor, into the hands of another, the bailee, for a specific purpose.

Personal Property

All types of property other than real estate, including movable assets like cars, electronics, and furniture.

Agreement

A mutual understanding or arrangement between two or more parties, often formalized by a contract.