While Business Clusters Seem Logical in Well-Established Areas with Developed

question 5

True/False

While business clusters seem logical in well-established areas with developed economies like Silicon Valley and Hollywood,California because companies can easily collaborate,compete,and share knowledge,some high-tech clusters have developed in areas with emerging economies such as Mexico,Singapore,and India.

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Definitions:

Rucker Plans

A profit-sharing plan where employee pay is linked to the productivity or profitability of a company, encouraging increased worker output and company success.

Employee Participation

The involvement of employees in decision-making processes, planning, and aspects of their work environment to improve commitment and productivity.

Combined Payment Plan

A payment strategy that combines different methods or periods of payments into one structured plan.

Total Compensation

The complete package of salary, benefits, bonuses, and other financial and non-financial rewards provided to employees in return for their work.