The Growth of the Motion Picture Industry in Los Angeles,the

question 8

Multiple Choice

The growth of the motion picture industry in Los Angeles,the petrochemical industry in Houston,the software industry in "Silicon Valley," are all examples of how the growth of an industry within a city can create cost advantages for future growth.Economists refer to this phenomenon as:

• A)industry economies of scale
• B)agglomeration economies
• C)location quotient
• D)linkages

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Definitions:

Highly Desirable

Attributes or features of a product or service that make it particularly appealing and sought-after by consumers.

Ethical Compliance Program

A formal plan within an organization designed to prevent violations of law or company policies, often focusing on moral business practices and legal compliance.

Code Of Conduct

A set of rules outlining the social norms, responsibilities, and proper practices for an individual, party or organization.

Daily Decision Making

The process of making choices or judgements every day in both personal and professional contexts, often involving problem-solving and prioritization.