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)outsourcing
B)dumping
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 lead to benefits such as lower costs, increased innovation, and a stronger overall industry presence.

Which of the Following Terms Refers to Operating in Concentrations