When Daimler and BMW Pooled Resources to Develop Standardized Auto

question 125

Multiple Choice

When Daimler and BMW pooled resources to develop standardized auto components the supply-chain strategy could best be described by

• A) keiretsu
• B) virtual companies
• C) joint venture
• D) vertical integration
• E) few suppliers

---

Definitions:

Natural Rights

Fundamental rights that every individual is born with and cannot be taken away, such as life, liberty, and the pursuit of happiness.

John Locke

A 17th-century English philosopher known for his work on political philosophy, epistemology, and education.

Referenda

Laws or constitutional amendments put on the ballot by state legislators.

Proposed Law

A suggested rule or set of rules that is brought forward for consideration, debate, and possibly adoption by a legislative body.