In Japanese industries,a community firm is a company that:
A) consolidated into national entities with deeply antagonistic goals.
B) avoids hinted promises of job tenure.
C) is owned and operated by a group of individuals for their mutual benefits.
D) operates on a model analogous to a family.

Question

Quizplus · Accepted Answer

A community firm in Japanese industries operates on a model analogous to a family, where the employees have a strong sense of belonging and shared values. The company focuses on the long-term growth and success of the business rather than short-term profits, and there is a commitment to job security and loyalty between the company and its employees. This model has been attributed to the success of many Japanese companies in industries such as automotive and electronics.

In Japanese Industries,a Community Firm Is a Company That