What Is Meant by the Term "Keiretsu," in Relation to Partnerships

question 9

Multiple Choice

What is meant by the term "keiretsu," in relation to partnerships between local and multinational companies?

• A)An agreement between a local and a multinational company to equally share in profits and losses.
• B)A group of businesses in which each individual business has a stake in the others.
• C)A type of industrial district in which an attempt is made to encourage foreign investment.
• D)A type of offshore partnership in which the strengths of outside firms is combined with those of firms in developing countries.
• E)A partnership with one local and one multinational company in an information and communication technology project.

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Definitions:

Mission Statement

A structured overview detailing the goals and principles of a business, entity, or individual.

Product/Service Quality

The measure of how well a delivered product or service meets the customer's expectations.

Planning Process

A systematic approach to defining goals, developing strategies, and outlining tasks and schedules to achieve the goals.

Competitive Niche

A specialized segment of the market for a particular kind of product or service where a business can achieve a dominant position.