The relationship between Ford Motor Company and an auto parts supplier with which it does business on a regular basis is called a ________.
A) value-chain partnership.
B) mutual service consortium.
C) joint venture.
D) mutual agreement.

Question

Quizplus · Accepted Answer

A relationship between Ford Motor Company and an auto parts supplier with which it does business on a regular basis is an example of a value-chain partnership, where the two entities work together to create and deliver value to their customers. A mutual service consortium typically involves businesses coming together to share resources and expertise, while a joint venture is a separate entity formed by two or more companies to pursue a specific business opportunity. A mutual agreement could refer to any type of agreement between two parties but does not specifically reflect the nature of the relationship between Ford and its auto parts supplier.

The Relationship Between Ford Motor Company and an Auto Parts