An industry "cluster" arises because of the increase of productivity of the firms participating in them. A semiconductor start-up, for example, might decide to launch in a geographic area where there are other semiconductor firms, rather than another area. It is easier for the employees of these firms to network with one another and for the firms to gain access to: Group of answer choices (a) Specialized suppliers, scientific knowledge, and technological expertise native to the area. (b) Scientific suppliers, specialized knowledge, and technological expertise native to the area. (c) Technological suppliers, technological knowledge, and scientific expertise native to the area. (d) Domestic suppliers, start-up knowledge, and investor expertise native to the area.

An industry "cluster" arises because of the increase of productivity of the firms participating in them. A semiconductor start-up, for example, might decide to launch in a geographic area where there are other semiconductor firms, rather than another area. It is easier for the employees of these firms to network with one another and for the firms to gain access to: Group of answer choices (a) Specialized suppliers, scientific knowledge, and technological expertise native to the area. (b) Scientific suppliers, specialized knowledge, and technological expertise native to the area. (c) Technological suppliers, technological knowledge, and scientific expertise native to the area. (d) Domestic suppliers, start-up knowledge, and investor expertise native to the area.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An industry "cluster" arises because of
the increase of productivity of the firms
participating in them. A semiconductor
start-up, for example, might decide to
launch in a geographic area where there
are other semiconductor firms, rather
than another area. It is easier for the
employees of these firms to network with
one another and for the firms to gain
access to:
Group of answer choices
(a) Specialized suppliers, scientific
knowledge, and technological expertise
native to the area.
(b) Scientific suppliers, specialized
knowledge, and technological expertise
native to the area.
(c) Technological suppliers, technological
knowledge, and scientific expertise native
to the area.
(d) Domestic suppliers, start-up
knowledge, and investor expertise native
to the area.

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