Toyota and GM created a joint venture called NUMMI because Toyota wanted to learn about how to deal with labor and parts suppliers in the U.S. market while GM wanted to observe Japanese management practices
What benefit of strategic alliances were Toyota and GM primarily seeking?
A) ease of market entry
B) shared risk
C) shared knowledge
D) synergy
C
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Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine hours
At the beginning of the year, it estimated total manufacturing overhead costs to be $1,050,000, total number of direct labor hours to be 4,000, and total number of machine hours to be 20,000 hours. What was the predetermined overhead allocation rate? (Round your answer to the nearest cent.) A) $262.50 per machine hour B) $43.75 per direct labor hour C) $52.50 per machine hour D) $65.63 per direct labor hour
Guerilla marketing programs are designed to obtain instant results while using limited resources
Indicate whether the statement is true or false