Japanese manufacturers often pursue a strategy that is part collaboration, part purchasing from a few suppliers, and part vertical integration. What is this approach called?

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Quizplus · Accepted Answer

This approach is called keiretsu which refers to a group of companies with interlocking business relationships and shareholdings. This allows Japanese manufacturers to have control over the quality and consistency of their inputs while also fostering long-term collaborative relationships with their suppliers.

Japanese Manufacturers Often Pursue a Strategy That Is Part Collaboration