_______ Is a Strategy Where Several Competing Firms Cluster

question 120

Short Answer

_______ is a strategy where several competing firms cluster in one location to attract more customers than the total who would shop at the same stores at scattered locations.

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Definitions:

Apparent Agency

A legal concept where a person appears to be, or is mistakenly believed to be, authorized to act as an agent for another party.

Agency by Estoppel

A principle by which a person or entity is prevented from denying the authority of another who has been allowed to act as their agent, despite not officially having been granted the role.

Equitable Agency

A principle where an agent has the authority to act on behalf of a principal, based on fairness and justice.

General Power of Attorney

A legal document granting someone authority to act on another person's behalf in a variety of matters.