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Business-to-business (B2B) markets are geographically concentrated, which enables efficient operations and enhanced relationships with suppliers and buyers.
True
Business-to-business (B2B) markets tend to be geographically concentrated. The concept of geographically concentrated B2B markets is supported by the fact that businesses often focus on specific regions or areas where they can establish strong relationships with suppliers or buyers, leading to a concentration of market activities in those geographical areas.
This geographical concentration allows for efficient supply chain management, better customer relationships, and a deeper understanding of local market dynamics.
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