The Propensity for Similar Businesses to Cluster in the Same

question 52

True/False

The propensity for similar businesses to cluster in the same locality (e.g.IT companies in Silicon Valley,fashion houses in Milan)is evidence of the intensity of the competitive instincts that drive the owners of these businesses.

---

Definitions:

Manufacturer

A company or individual engaged in the production of goods for sale using raw materials and components.

Frozen Yogurt

A frozen dessert made with yogurt and sometimes other dairy products, often served as an alternative to ice cream.

Art Supply

Materials such as paints, brushes, canvases, and other items used for creating artwork.

Paintbrushes

Tools used for applying paint or other substances on surfaces, typically consisting of bristles fastened to a handle.