While Business Clusters Seem Logical in Well-Established Areas with Developed

question 27

True/False

While business clusters seem logical in well-established areas with developed economies like Silicon Valley and Hollywood,California,because companies can easily collaborate,compete,and share knowledge,some high-tech clusters have developed in areas with emerging economies such as Costa Rica,the Philippines,and Uganda.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenues.