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9 July, 05:27

What term refers to the location of competing companies near each other?

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  1. 9 July, 05:53
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    Answer: Clustering is the term that refers to the location of competing companies that are near each other.

    Explanation: A business cluster is everything that relates to the location of one business to the next. By clustering competing businesses or businesses that are interconnected consumers and supplies are able to locate the different companies easier. Clusters are important because they are known for increasing productivity.
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