In Reference to Industrial Policy,networks of Interdependent Firms,universities,and Businesses That

question 96

Multiple Choice

In reference to industrial policy,networks of interdependent firms,universities,and businesses that focus on the production of a specific type of good are called:

• A)bundles.
• B)clusters.
• C)vertical industries.
• D)integrated industries.

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Definitions:

Limited Liability Company (LLC)

An unincorporated business that is taxed like a partnership, with the members paying personal income taxes, and has the limited liability of a corporation.

Unincorporated

Referring to entities or businesses that have not formed or been recognized as a corporation under law.

Taxed

Subjected to financial charges or levies imposed by a government on income, transactions, or property.

Partnership

A legally sanctioned business model where two or more associates share both the responsibilities of managing the business and the profits derived from it.