Concept:
The reaction of an ester (especially of fatty acids) with a strong base like sodium hydroxide results in the formation of soap and alcohol. This process is known as saponification.
Step 1: Understand the reaction.
\[
\text{Ester} + NaOH \rightarrow \text{Soap} + \text{Alcohol}
\]
Step 2: Identify the process.
This alkaline hydrolysis of esters is specifically called saponification.
Step 3: Analyze other options.
• Esterification → Formation of ester (opposite reaction)
• Pyrophosphorolysis → Not related
• Neutralization → Acid + base reaction (not applicable here)
Step 4: Final conclusion.
Thus, the reaction is:
\[
Saponification
\]