A concentration of firms in a particular location is called ______.
A)an association
B)a concentration
C)a grouping
D)a clustering

Question

Quizplus · Accepted Answer

A concentration of firms in a particular location is commonly referred to as clustering. This term describes a geographic concentration of interconnected businesses and suppliers that can thrive from close proximity to one another, access to shared resources, and increased visibility in the marketplace due to the cluster's reputation for expertise and innovation.

A Concentration of Firms in a Particular Location Is Called