Which of the following statements is true concerning clusters?
A)The desire to build or upgrade a core competency is one reason why entrepreneurial and other fast-growing firms often tend to locate close to their competitors.
B)Clusters are geographic concentrations of interconnected companies and industries.
C)An example of a cluster in the U.S. is California's Silicon Valley.
D)According to Porter, clusters provide access to employees, suppliers, specialized information, and complementary products.
E)all of the above

Question

Quizplus · Accepted Answer

All of the statements are true concerning clusters. Clusters are geographic concentrations of interconnected companies and industries, and they provide access to employees, suppliers, specialized information, and complementary products. Entrepreneurial and fast-growing firms often tend to locate close to their competitors to build or upgrade a core competency. California's Silicon Valley is an example of a cluster in the U.S.

Which of the Following Statements Is True Concerning Clusters