The Japanese Term Keiretsu Refers to A(n) ________

question 62

Multiple Choice

The Japanese term keiretsu refers to a(n) ________.

• A) major Japanese bank
• B) family of interrelated companies
• C) export trading company
• D) supplier

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Definitions:

Intrapreneurship

The practice of entrepreneurship within an existing organization, where employees are encouraged to develop and pursue innovative ideas.

Negative Feedback

A mechanism, typically found in biological and mechanical systems, where the system's output acts to reduce or dampen the processes leading to the output, thus stabilizing the system.

Customer and Market Changes

Shifts in consumer preferences or market dynamics that can impact businesses, requiring adaptation to new trends, demands, or competitive landscapes.

Social and Political Pressures

Social and political pressures involve the influence exerted by societal norms, values, or political contexts on individuals or organizations, often impacting decision-making and actions.