When Toyota Wanted to Secure a Long-Term Supply of Lithium,it

question 74

Multiple Choice

When Toyota wanted to secure a long-term supply of lithium,it had to create a bond of trust with an Australian company,Orocobre Ltd.Orocobre wanted to establish the bond of trust before making huge investments in specialized equipment required to extract the high-quality lithium.What did Toyota do to instill this trust?

• A) It offered Orocobre exposure to Toyota's proprietary information.
• B) It made a credible commitment by taking an equity stake in Orocobre.
• C) It acquired Orocobre as part of its backward vertical integration plans.
• D) It offered Orocobre franchising opportunities to sell hybrid vehicles.

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Definitions:

Hiring Terms

The conditions upon which an employer hires an employee, including contract duration, job responsibilities, salary, and benefits.

High Turnover

A situation where an organization or industry experiences a high rate of employees leaving and needing replacement over a given period.

Excessive Hours

Working hours that exceed the standard legal or culturally accepted normal working hours, potentially leading to health issues and reduced work-life balance.

Increased Litigation

Refers to a situation where there is a significant rise in the number of legal cases or lawsuits, often implying more legal disputes or conflicts requiring resolution in court.