Keiretsu refers to ?
Correct answer: A. groups of affiliated companies loosely organized around a large bank
- A. groups of affiliated companies loosely organized around a large bank
- B. horizontal manufacturing groups consisting of a core company and its partners
- C. State-assisted entrepreneurs
- D. financial cliques
Explanation
A keiretsu is a network of affiliated firms linked through cross-shareholding and commonly organized around a major bank. It is less centralized than the former Japanese zaibatsu.
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Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
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