Examlex
Which of the following produces external benefits?
Joint Ventures
Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.
Research and Development
The systematic investigation and innovation aimed at the discovery and application of new knowledge, typically to create new products or improve existing ones.
Restraint of Trade
Legal term referring to any activity or agreement that restricts or impedes free competition in the market, often deemed unenforceable or illegal.
Horizontal
Describes a peer relationship in business or management settings, implicating equivalence rather than hierarchy.
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