Question

"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?
A) kanban
B) keiretsu
C) samurai
D) poka-yoke
E) kaizen

Answer 1

Answer:

B) keiretsu

Explanation:

Based on the information provided within the question it can be said that this type of approach is called a Keiretsu. Like mentioned in the question this is a business approach in Japan's business community where a set of companies are interlocked in business relationships and shareholdings as an informal business group that deal with different forms of alliances. Such as collaborations, trading, and vertical integration.