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Extraneous variables should be
Intangibles
Non-physical assets such as intellectual property, brands, or goodwill that have value for an organization.
Joint Ventures
A strategic alliance where two or more parties come together to undertake a specific business project or activity while sharing risks and rewards.
Business Plan
A formal document detailing a business's goals, strategies, target market, and financial forecasts.
Balanced Portfolio
An investment strategy involving holding a variety of assets classes, such as stocks, bonds, and cash, to reduce risk while aiming to achieve a reasonable return.
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