In a strategy known as ________,many new companies locate themselves near competitors and suppliers.

Question

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Clustering or agglomeration refers to the strategy of locating new businesses near competitors and suppliers in order to benefit from shared resources and knowledge, as well as to create a critical mass of similar businesses in a particular area. This can lead to increased efficiency, innovation, and competitiveness within the industry or market, as well as opportunities for collaboration and networking. Offshoring, franchising, and exporting are different strategies that involve expanding or relocating a business to new geographic locations or markets.

In a Strategy Known as ________,Many New Companies Locate Themselves