What term refers to the location of competing companies near eachâ other?

Business

1 answer:

aev [14]4 years ago

5 0

Answer:

Clustering

Explanation:

Clustering in business sense is concentration of similar type of companies, suppliers and companies associated with them in a particular geographical location. Geographical proximity tends to collectively improve the productivity of all the companies. The reason behind this is that it increases competitiveness, quickens the supply of goods and services necessary for carrying out business activities.

One of the examples of this could be Silicon Valley in California which is hub of technology-oriented companies.

You might be interested in

Career selection should be based on salary alone. Please select the best answer from the choices provided T F

Ksivusya [100]

Answer: False, career selection should not be based on salary alone.

Explanation: When choosing a career it is important to consider several aspects such as your abilities to perform the task the job requires and how much you would enjoy the job.

7 0

3 years ago

Read 2 more answers

A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n): Group of answer choices decr

sesenic [268]

Answer: Decrease in the short run aggregate supply. increase in long run aggregate supply

Explanation:

assuming the wage stays constant in the short run (price of labour), an increase inflation/general prices will lead to a decrease in the Supply of labour because the current wage is no longer enough to cover the same number of goods people used to buy which will then increase Unemployment. The Labor market will experience a situation where inflation and unemployment are increasing at the same time

The Supply of Labour will increase in the Long run because the wage price will have sufficient time to adjust and increase to a new equilibrium level. .an increase in wage price will increase the quantity of supplied.

8 0

3 years ago

The work and/or assignments performed by employees are referred to as skills. True False

jeka94

I'd say that the answer is true

7 0

3 years ago

Read 2 more answers

1) A small firm employs nine workers. The wages it pays to these workers are $200, $220, $280, $300, $310, 320, $330, $350 and $

Stolb23 [73]

solution :

sum of dollar =200+220+280+300+310+320+330+

350+390

Now,

average =total sum of all dollar

total sum of worker

=2370

=263.333#

5 0

3 years ago

what countries represent the largest global business opportunities for the next decade? what factors determine the size of the o

aksik [14]

This is of course somewhat of a subjective question, but in general most would agree that China, the United States and Germany represent the largest global business opportunities for the next decade based mostly on factors of production.

5 0

3 years ago