Business markets tend to concentrate in certain locations in the United States as a result of suppliers wanting to be located near their buyers.

Question

Quizplus · Accepted Answer

This statement is true. Business markets often cluster in certain locations in order to be in close proximity to their buyers and suppliers, which can help to reduce transportation costs, increase efficiency, and facilitate communication and collaboration. This phenomenon is commonly known as agglomeration, and examples can be found in many industries, such as technology firms in Silicon Valley, financial institutions in Manhattan, and automobile manufacturers in Detroit.

Business Markets Tend to Concentrate in Certain Locations in the United