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Term: Accounting -> Business matrix
Term:

Business matrix

Definition:

Often used in business incubators, is where separate business entities join forces to advance the development of a start-up, e.g.., one firm may offer offices, another marketing/sales assistance or manufacturing expertise, etc. Such a matrix may receive compensation in the form of equity from the start-up being assisted by that business matrix.

Related terms:

Core Competency Framework for Entry into the Accounting Profession

Interest-bearing note payable
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