GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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YES
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NO
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I don’t know
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Definitely Maybe
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Detailed explanation-1: -An economic cluster, or several clusters, serves as the driving force in most regional economies. Examples include Detroit’s auto industry concentration, computer chip production in California’s Silicon Valley, London’s financial sector, the Napa Valley’s wine production, and Hollywood’s movie production industry.
Detailed explanation-2: -Clusters are geographic concentrations of interconnected companies and institutions in a particular field. Clusters encompass an array of linked industries and other entities important to competition.
Detailed explanation-3: -: a number of similar things growing, collected, or grouped together : bunch. a cluster of houses. a flower cluster. cluster. 2 of 2 verb.
Detailed explanation-4: -Clustering is a recognised way to enhance productivity, innovation and competitive performance of companies. Clusters can allow small compa-nies to combine advantages with various benefits. Hence, the clusters are important operators in a region‟s economic growth.