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What Is It Called When Competing Companies Locate Next to Each

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What is it called when competing companies locate next to each other? Why do they do this?


Definitions:

Social Cognitive Theory

A theory that posits individuals learn by observing others, with personal, behavioral, and environmental factors all interacting to influence learning and behavior.

Instrument Theory

A theoretical framework that suggests behaviors are guided by the expected outcomes or rewards associated with particular actions.

Organizational Behavior Modification

The application of reinforcement theory to influence and improve employee behavior within an organizational setting.

Reinforcement Theory

A theory in psychology that suggests behavior is shaped and maintained by its consequences, focusing on reinforcing desired behaviors and discouraging undesired ones through rewards and punishments.

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