Ford found itself at a disadvantage in the China market relative to GM because the Chinese developed a joint-venture with GM in the 1990s. Ford also ran into domestic challenges beginning in 2008 and was humiliated with both GM and Chrysler by Congress. Ford has responded to these challenges by:
A)paying off TARP money faster than both GM and Chrysler
B)successfully rebounding after bankruptcy proceedings
C)making the resolve to "go it alone"
D)developing a joint venture with India to counter the GM-China joint venture

Question

Quizplus · Accepted Answer

Ford has responded to the challenges by making the resolve to "go it alone". This means that Ford has decided not to form a joint-venture with any other company and instead focus on developing its own operations and strategy in China. This decision shows Ford's determination to overcome its disadvantages in the China market and compete with GM on its own terms. The other options are not relevant to the steps Ford has taken to address its challenges in China.

Ford Found Itself at a Disadvantage in the China Market