What Is a Keiretsu

question 126

Multiple Choice

What is a keiretsu?

• A) a form of relationship marketing that is illegal in Canada
• B) a type of strategic alliance commonly found in Japan
• C) an Internet site that offers its customers access to various languages which they can use to conduct their business
• D) a method of business e-commerce found in Asia

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Definitions:

Consumer Surplus

The divergence in consumers' maximum willingness to pay and the actual payment for a good or service.

Autarky

An economic system or policy where a nation is self-sufficient and does not take part in international trade.

Exporting Industry

An industry primarily focused on producing goods and services for sale in foreign countries.

Imported Good

A product or service brought into one country from another for sale, often subject to tariffs, quotas, or trade agreements.