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What is horizontal specialization? Identify and briefly describe three common forms of horizontal specialization.
Significant Influence
The power to participate in the financial and operating policy decisions of an investee but not control them.
Book Value
The net value of a company's assets minus its liabilities, often used as a measure of its equity.
Net Income
Net earnings of a firm post the subtraction of taxes, costs, and other expenditures from its aggregate revenue.
Significant Influence
The power to participate in financial and operating policy decisions of a business, but not control those policies.
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