Net advantages gained by the sharing of common locations by similar enterprises is based on which of the following terms?
A) Agglomeration
B) Lowest cost
C) Differentiation
D) Free market

Question

Quizplus · Accepted Answer

Agglomeration refers to the concentration of similar businesses or industries in the same geographic area. This can lead to several advantages such as the sharing of common locations and resources, increased collaboration and innovation, and reduced costs. Therefore, the net advantages gained by the sharing of common locations by similar enterprises is based on the concept of agglomeration.

Net Advantages Gained by the Sharing of Common Locations by Similar