A business relationship in which executives sit on the boards of their customers or suppliers; trade with each other whenever possible; and often engage in joint product development,finance,and marketing activity.The following affirmation represents____________.

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Keiretsu is a Japanese term describing a business network made up of different companies, including suppliers and customers, that have close relationships and often share board members, engage in joint ventures, and collaborate on various business activities.

A Business Relationship in Which Executives Sit on the Boards