Answer:
D. selling businesses too late and at too low a price
Explanation:
A diversified company refers to a business organization whose product portfolio and businesses are diverse, dealing in different kinds of products, and operating different businesses.
For example, a company may deal in tobacco products and stationery products at the same time. Such companies are characterized by unrelated products and businesses.
A diversified company may follow strategies such as harvest, retrenchment, restructuring and divestment strategy for improvement of overall performance.
Selling loss making businesses at the right time to avoid further losses refers to divestment strategy. Selling loss making businesses too late and at too low a price points towards poor divestment strategy, as it would on the contrary deteriorate existing performance.