Which of the Following Factors Is Not an Explanation for the Lack

question 37

Multiple Choice

Which of the following factors is not an explanation for the lack of vertical integration between steel producers and shipbuilders?

• A)The market for steel has many suppliers and buyers,good information flows,and little need for transaction-specific investments
• B)Steel is a commodity product available in standardized grades
• C)The world's biggest shipbuilding countries (South Korea,Japan,and China)are also among the leading steel producing countries
• D)Steel production and shipbuilding are strategically very different industries

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Definitions:

Hofstede

A cultural dimensions theory proposed by Geert Hofstede, which analyzes cultural differences through five primary dimensions: power distance, individualism versus collectivism, masculinity versus femininity, uncertainty avoidance, and long-term orientation.

High-power-distance Cultures

Societal or organizational cultures that tolerate a larger degree of inequality in the distribution of power and authority.

Monochronic Cultures

Cultures that value doing one task at a time, emphasizing schedules, punctuality, and a linear approach to organizing time.

Polychronic Cultures

Societies that value multitasking and the simultaneous handling of engagements over a focus on punctuality and schedules.