Question: Porter ( 1 ) / ( 2 ) s Cluster Theory holds that geographical areas with a large concentration of a certain type of companies
Porters Cluster Theory holds that geographical areas with a large concentration of a certain type of companies allow that area to obtain an absolute or comparative advantage. How do those companies benefit from the presence of other companies like them in the same area?
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such concentration fosters creativity as employees knowhow travels from employer to employer
None of the answers listed here have an impact on the development of an area's economic advantage.
All of the answers listed here have an impact on the development of an area's economic advantage.
they can attract talented employees
the concentration of talent fosters innovation
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