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Figure 33.1
-Answer the question using the accompanying figure. In the diagram of a root tip, the structure labeled "2" is the ____.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.
Franchising
A method of business expansion whereby a company (franchisor) licenses its trade name and operating methods to an individual or group (franchisee) in exchange for a franchise fee and ongoing royalties.
Marketing Support
Services or resources provided to aid and enhance marketing efforts and initiatives.
Operational Support
Services and activities provided to ensure the efficient operation of a business, including technical assistance, maintenance, and customer service.
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