Correct Answer: Option C

Explanation

Esterification involves an acid and an alcohol, while neutralization involves an acid and a base.

The esterification reaction is not an addition reaction because in this reaction substitution occurs.

It is a condensation reaction, where two molecules combine to form a larger molecule while eliminating a smaller molecule. In esterification, an alcohol and a carboxylic acid combine to form an ester and water. 

There is an explanation video available below.

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