Which of the following best explains the concentration of domestic and foreign technology companies in the Silicon Valley?
A) To internalize and control their operations
B) To seek low-cost labor and efficient production
C) To exploit their firm-specific advantages
D) To gain access to local knowledge and talent tool

Question

Quizplus · Accepted Answer

The concentration of domestic and foreign technology companies in Silicon Valley is mainly due to their desire to gain access to local knowledge and talent. This allows them to tap into a pool of skilled workers and entrepreneurs, as well as the latest technological developments, which can help them stay competitive in the global marketplace. Some companies may also be attracted to the region's unique culture of innovation and risk-taking, which encourages experimentation and creativity.

Which of the Following Best Explains the Concentration of Domestic