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Toyota Uses a Strategic Network of Vertical Relationships

question 44

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Toyota uses a strategic network of vertical relationships.Toyota enables engineers in supplier firms to communicate easily with companies with which Toyota has contracts for services.This results in the suppliers and Toyota (the strategic center firm) being more:


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Low-Cost Producer

A company that can produce and sell goods or services at a lower cost than its competitors.

IFAC's Code of Ethics

A set of ethical standards and guidelines developed by the International Federation of Accountants to promote integrity, objectivity, and professionalism among accountants.

Cost-Benefit Analysis

A decision-making process that compares the costs of an action or investment to the benefits derived, to assess its feasibility or value.

Qualitative Benefits

Non-numerical advantages or positive outcomes resulting from a policy, program, or project, such as improved customer satisfaction or employee morale.

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