Which of the following terms refers to operating in concentrations of related, interdependent companies within an industry that uses the same suppliers, specialized labor, and distribution channels?
A) service sector outsourcing
B) globalizing
C) franchising
D) clustering

Question

Quizplus · Accepted Answer

Clustering refers to operating in concentrations of related, interdependent companies within an industry that uses the same suppliers, specialized labor, and distribution channels. This can provide benefits such as easier access to resources and knowledge sharing among firms.

Which of the Following Terms Refers to Operating in Concentrations