Toyota and its suppliers have a relationship in which Toyota encourages suppliers to modernize their facilities and provides them with technical and financial assistance to do so.It also promotes longer-term contracts with suppliers and enables engineers in the supplier companies to have better communication with Toyota.This is an example of a(n):
A) worldwide product divisional structure.
B) functional structure.
C) SBU multidivisional structure.
D) strategic network.

Question

Quizplus · Accepted Answer

Toyota's approach exemplifies a strategic network, where the company collaborates closely with its suppliers, providing support and fostering long-term relationships to enhance mutual success.

Toyota and Its Suppliers Have a Relationship in Which Toyota