Toyota and its suppliers have a relationship in which Toyota encourages suppliers to modernize their facilities and provides the

Question

2 years ago

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Toyota and its suppliers have a relationship in which Toyota encourages suppliers to modernize their facilities and provides the

m with technical and financial assistance to do so. It also promotes longer-term contracts with suppliers and enables engineers in the supplier companies to have better communication with Toyota. This is an example of a(n):
a. SBU multidivisional structure.
b. worldwide product divisional structure.
c. strategic network.
d. functional structure.

Business

1 answer:

svetlana [45] · Answer 1 · 2023-05-29T00:44:27+03:00

Answer:

c. strategic network.

Explanation:

Based on the information provided within the question it can be said that this is an example of a strategic network. This term refers to a coordinated cooperation between various independent companies that promotes long-term business relationships, cooperation, and communication between the member companies within the network. Which is exactly what Toyota and it's suppliers have.