The Japanese practice of employing a network form of supplier management rather than using costly acquisitions that is common in the West is known as:
A)Keiretsu.
B)Guanxi.
C) Chaebol.
D) Blat.

Question

The Japanese practice of employing a network form of supplier management rather than using costly acquisitions that is common in the West is known as:
A)​Keiretsu.
B)​Guanxi.
C) ​Chaebol.
D) ​Blat.

Quizplus · Accepted Answer

The practice of employing a network form of supplier management in Japan is known as Keiretsu. This involves businesses collaborating and forming a network of suppliers and customers, reducing the need for costly acquisitions.

The Japanese Practice of Employing a Network Form of Supplier