Which of the Following Statements Is True Concerning Clusters

question 65

Multiple Choice

Which of the following statements is true concerning clusters?

• A) The desire to build or upgrade a core competency is one reason why entrepreneurial and other fast-growing firms often tend to locate close to their competitors.
• B) Clusters are geographically dispersed companies operating within the same industry.
• C) The United States does not have any clusters; they are all located in Europe.
• D) According to Porter, clusters provide barriers to the access of employees, suppliers, and specialized information.
• E) Employees from competitive firms in a cluster are not permitted to socialize with one another.

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Definitions:

Ethical Decision Making

The process of choosing actions that are consistent with one’s principles and values in a moral context.

Employment

The condition of working for pay in a job, profession, or business, whether part-time or full-time.

Valid

Having sound basis in logic or fact; accurately representing the intended meaning or the truth of the situation.

Privileged Communication Laws

Legal protections that prevent certain communications from being disclosed in court, often related to conversations between professionals, such as doctors and lawyers, and their clients.