The Japanese Practice of Employing a Network Form of Supplier

question 23

Multiple Choice

The Japanese practice of employing a network form of supplier management rather than using costly acquisitions that is common in the West is known as:

• A)​Keiretsu.
• B)​Guanxi.
• C) ​Chaebol.
• D) ​Blat.

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Definitions:

Tax-Free

Tax-free describes goods, transactions, or income that are not subject to taxation by the government.

Taxed

Subjected to a financial charge or levy by a government on income, goods, or activities.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, resulting in those who have higher incomes being taxed at a higher rate.

Progressive Tax

A taxation system where the tax rate increases as the taxable amount or income increases.