UScar Makers Were Forced to Build Their Own Network of Dealerships

question 64

Multiple Choice

U.S.car makers were forced to build their own network of dealerships to enter the Japanese market.

• A)This is an example of backward vertical integration.
• B)This is an example of forward vertical integration.
• C)This is an example of sideways vertical integration.
• D)none of the options

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Definitions:

Enforceable Contract

A legally binding agreement between two or more parties that can be enforced by law if not fulfilled by one party.

Commence Construction

The act of starting the building or assembly process on a site.

Secondary Liability

Legal responsibility that arises from facilitating or indirectly participating in a wrongful act, not as a direct perpetrator.

Guarantee

A formal promise or assurance that certain conditions will be fulfilled, often relating to the quality or durability of an item or the outcome of a deal.