When Daimler and BMW pooled resources to develop standardized auto components, the sourcing strategy could best be described by which of the following?
A) keiretsu
B) virtual companies
C) joint venture
D) vertical integration
E) few suppliers

Question

Quizplus · Accepted Answer

The pooling of resources by Daimler and BMW to develop standardized auto components is a common example of a joint venture, which is a collaborative effort where two or more companies share resources and expertise to achieve a mutual goal.

When Daimler and BMW Pooled Resources to Develop Standardized Auto