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A firm's management purchases all the issued and outstanding stock of the firm and takes the company off the stock market. The management of this company has engaged in:_______.

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Answer:

Privatisation

Explanation:

The privatisation consists of two distinct concepts and ideas. The first one is when a government owned firm is privatised, and when a publicly traded company is privatised. In the above scenario, a firm's management purchases all the issued and outstanding stocks which means the company is shifting from publicly traded company to a private company.

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