As a Part of National Competitive Advantage, Clusters Can Be

question 46

Multiple Choice

As a part of national competitive advantage, clusters can be considered as geographic concentrations of interconnected:

• A) companies and institutions in a particular country.
• B) consumers in a particular city.
• C) companies and institutions in a particular nation.
• D) companies and institutions in a particular field.
• E) none of the above.

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Definitions:

Computers

Electronic devices capable of executing programmed instructions for processing data, performing calculations, and managing information.

Test Marketing

A strategy used by companies to evaluate the viability of a new product or service in a limited geographical area before a full-scale launch.

Price Rationing

The allocation of limited goods or services using prices, where higher prices curb demand to match the supply.

Focus Group

A small, diverse group of people whose reactions are studied to gauge the response to a specific product, service, or policy.