A hub and wheel configuration with a local firm at the hub organizing the interdependencies of a complex array of firms is referred to as a:
A) trade association
B) strategic alliance
C) network
D) joint venture
E) consortia

Question

Quizplus · Accepted Answer

The hub and wheel configuration with a local firm at the hub organizing the interdependencies of a complex array of firms is a common feature of a network. In such a configuration, the hub acts as a central coordinating entity that manages the flow of goods, services, and information between the firms that are part of the network. Trade associations, strategic alliances, joint ventures, and consortia are all different forms of partnerships between firms, but they do not necessarily involve a centralized hub and wheel configuration. Hence, the best choice for this scenario is a network.

A Hub and Wheel Configuration with a Local Firm at the Hub