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Cost sharing is a process wherein two or more organizations work together to secure savings in one or more areas of business operations. Such partnerships may also be pursued to realize other business advantages-increased marketplace exposure, access to technology, etc.-but cost savings is usually a central component of these arrangements. Cost-sharing partnerships can be implemented in any number of operating areas, from marketing to transportation to research and development. It is a favorite tool of many small business enterprises that have limited financial resources.

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15y ago

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