The Basis Behind the Cluster Approach Is That Firms Are

question 7

True/False

The basis behind the cluster approach is that firms are more comfortable doing business with other firms in their same cluster.

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Definitions:

Ladder Logic

A graphical programming language used in programmable logic controllers (PLCs) that represents electrical control circuits with symbols resembling a ladder.

Functional Block Diagram

A graphical representation of a system’s functional relationships, showing blocks (functions) interlinked by lines which represent the system’s flow of data.

Power Rails

Electrical conductors that provide a supply voltage to a circuit or part of a circuit.

Functional Block Diagram

A Functional Block Diagram is a graphical representation that illustrates the relationships between functions within a system, more specifically in control systems and process engineering, showing the flow and function of control paths.