Philips Electronics is the only supplier of Toyota auto headlamps. Because of their ___, Toyota was able to develop further its just-in-time inventory management system and Philips was able to institute a total quality management approach to its production and acquire more business from other Japanese car manufacturers.
A)reciprocal partnership
B)buyer-seller alliance
C)strategic partnership
D)tactical partnership
E)hierarchical relationship

Question

Quizplus · Accepted Answer

The scenario described suggests a high level of collaboration and mutual benefit between Philips Electronics and Toyota, which indicates a strategic partnership. The fact that the arrangement allowed both companies to improve their management systems and expand their business relationships further confirms the strategic nature of their partnership. Reciprocal partnership, buyer-seller alliance, tactical partnership, and hierarchical relationship do not fully capture the depth and scope of the collaboration described.

Philips Electronics Is the Only Supplier of Toyota Auto Headlamps