Which statement best describes the key reasons Japanese companies like Sony and Toyota thrived during the 1990s?
A) The Japanese government implemented higher tariffs to protect these companies from foreign competition.
B) These companies reduced their risk by doing business globally instead of focusing on the Japanese market.
C) The yen was the world's strongest currency during this period.
D) The Japanese economy was growing very rapidly during that decade.

Question

Quizplus · Accepted Answer

Japanese companies like Sony and Toyota thrived in the 1990s largely because they expanded their operations globally, reducing their reliance on the domestic market. This global strategy allowed them to access larger markets and diversify their risk, contributing significantly to their success during this period.

Which Statement Best Describes the Key Reasons Japanese Companies Like