The agglomeration concept is better known today as the supply chain management concept.

Question

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The agglomeration concept and supply chain management concept are related but not interchangeable. Agglomeration refers to the concentration of firms and industries in a specific geographic area to take advantage of shared resources and benefits. Supply chain management refers to the coordination and optimization of activities that bring products or services from the supplier to the customer. While agglomeration can impact supply chain management, they are distinct concepts with different focuses.

The Agglomeration Concept Is Better Known Today as the Supply