The Propensity for Similar Businesses to Cluster in the Same

question 52

True/False

The propensity for similar businesses to cluster in the same locality (e.g.IT companies in Silicon Valley,fashion houses in Milan)is evidence of the intensity of the competitive instincts that drive the owners of these businesses.

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Definitions:

Job Requirements

Specifications and qualifications necessary for performing a specific job.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their motivation, performance, and overall well-being.

Job Performance

The effectiveness with which job duties are executed and the extent to which an employee accomplishes set tasks and goals.

Cognitive Dissonance

The discomfort felt when attitude and behaviour are inconsistent.