The keiretsu are the vertically and horizontally integrated business groups that dominate the Japanese economy.

Question

Quizplus · Accepted Answer

The statement accurately describes the keiretsu system in Japan, where large corporations form interdependent relationships through shareholding, partnership, and common business interests. Keiretsu are often involved in a range of industries, from manufacturing and finance to transportation and telecommunications, and have been a significant force in the Japanese economy since the post-war period.

The Keiretsu Are the Vertically and Horizontally Integrated Business Groups