Which of the following are benefits of "a cluster of firms?" Check ALL that apply.    knowledge spillovers generalized suppliers reduced periods of unemployment collusion vertically integrated firms specialized suppliers protection of intellectual property

Q: Most firms in the apparel and footwear industries choose to outsource production to countries where…

A: Intra-firm trade denotes the exchange of goods or services between entities that are part of the…

Q: Which of the following are types of regional trade agreements? Select all that apply: • economic…

A: The regional trade agreements can be defined as a treaty that is signed by two or more nations to…

Q: In industrial location theory, the following is NOT true of agglomeration effects. Agglomeration…

A: Location theory: The theory of location is related to the concept of how industries are located.…

Q: Which of the following characteristic is least compatible with mercantilism economic policies? A.…

A: What is Mercantilism Mercantilism is an economic policy whereby a nation concentrates to increase…

Q: Inter-industry trade involves trade among nations with firms producing very similar, highly…

A: Inter-industry trade happens when nations work in the production of various sorts of goods and…

Q: Describe the European Union (EU) and why it’s considered the most integrated economic cooperative…

A: EU (European Union) is the union in which there are 28 member countries. The aim of this union is to…

Q: Freedom of enterprise is a characteristic that is common to most economic systems. in a market…

A: Free Enterprise Free enterprise, or the free market, refers to an economy in which the market,…

Q: 37This is the penultimate step of the new product development process when feedback from consumers…

A: This type of set up where the some consumers are allowed to play before hand while launching in the…

Q: Imagine an Island a short distance off the east coast of a country. This island is called Onus, and…

A: A monopolistic market is a market structure that resembles a pure monopoly. A monopoly exists when…

Q: If Big Macs were a durable good that could be costlessly transported between countries, which of the…

A: Arbitrage: The arbitrage implies that the realization of profit if goods are bought in lower prices…

Q: Explain the nature of the national environment in which an organisation operates and its impact on…

A: The environment of an organisation comprises both aspects that it may easily alter and ones that are…