Interconnected companies and institutions from a particular field which are located in a single geographic location, are referred to is a(n):
A) Business cluster
B) Metroplex
C) Regional business center
D) Industrial point

Question

Quizplus · Accepted Answer

Business cluster refers to the concentration of interconnected companies and institutions from a particular field in a single geographic location. This term is commonly used to refer to industries such as technology, finance, and healthcare, which have a high concentration of specialized firms and supporting infrastructure in specific cities or regions. A business cluster can provide various benefits to companies, including access to a skilled workforce, specialized suppliers, and research institutions, as well as opportunities for collaboration and innovation.

Interconnected Companies and Institutions from a Particular Field Which Are