When Garret Memorial Hospital decided to share expenses with Cumberland Memorial Hospital to build and operate an MRI unit, they formed a:

A) joint venture.
B) mutual service consortia.
C) value chain partnership.
D) spin-off.

B

Business

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Which of the following is the typical first step for a company that is going global?

A) licensing B) direct exporting C) inshoring D) outsourcing

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A ________ is a franchise in which a franchisee operates under the franchisor's trade name and is identified as part of the franchisor's business

A. chain-style business B. processing plant franchise C. manufacturing franchise D. distributorship

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