The Sale of the Hardware Division

D.

The sale of the hardware division to another company is an example of a business merger, which involves the consolidation of two companies into a single entity. In this case, the hardware division of the company is being sold to another company, which means that the hardware division will be merged with the acquiring company.

Outsourcing involves the practice of contracting with a third-party vendor to provide a service that is normally performed in-house, while relocation involves moving a business operation to a new location. Business process change involves making changes to a company's processes and procedures to improve efficiency or productivity.

In the given scenario, none of the other options accurately describe the action being taken by the CEO. The decision to sell the hardware division to another company is a strategic move that aims to streamline the company's operations and focus on core competencies. It may involve the transfer of assets, employees, and intellectual property to the acquiring company.

Overall, a business merger is a complex process that requires careful planning, negotiation, and execution to ensure a successful outcome. It can result in significant changes to the company's structure, operations, and culture, as well as impact employees, customers, and other stakeholders.