Competitive clustering is common to the ________ industry.
A) healthcare
B) lodging
C) communications
D) banking

Question

Quizplus · Accepted Answer

Competitive clustering is commonly observed in the lodging industry where hotels, motels, and other accommodation providers compete against each other within a localized region, often targeting the same customer segments. This can lead to a concentration of similar businesses in a particular area, creating a competitive cluster. While competition also exists in the other industries mentioned, competitive clustering is not as prevalent or well-known in those sectors.

Competitive Clustering Is Common to the ________ Industry