What reflects the financial measures taken after retiring a product line?

The response that best captures the financial measures taken after retiring a product line is the divestment procedure. This term specifically refers to the process businesses undertake when they decide to dispose of an asset or business unit, in this case, a product line. Divestment often involves strategic financial actions such as selling off remaining inventories, reallocating resources, and managing any liabilities associated with the retired product line. These measures help ensure the organization can free up capital and refocus efforts on more profitable or promising areas.

In contrast, an exit strategy generally refers to a plan for a business to exit its operations in a certain market or product category, which may involve broader considerations and not solely financial maneuvers. Product lifecycle management focuses more on managing the entire lifecycle of a product from inception through to retirement, rather than the post-retirement phase. A cost reduction plan is concerned with cutting costs in general but does not specifically address the actions taken as a consequence of retiring a product line. Thus, the divestment procedure is the most accurate choice, as it encompasses the financial strategies directly tied to the retirement process.