Q.2 In the above passage, Japanese business practices emphasize:
A. Relationship built on market transactions
B. Relationship relying on legal contracts
C. Relationship based on industrial norms
D. Relationship built on trust and mutual commitment
Answers
Answer:
D. Relationship built on trust and mutual commitment.
Explanation:
Japanese people are known to be trusting and polite
Correct Option - D. The relationship built on trust and mutual commitment.
Explanation:
Correct Option - D. The relationship built on trust and mutual commitment.
Japan presents an interesting case that how culture can affect competitive advantage. Some scholars have argued that the culture of modern Japan reduces the cost of doing business relative to cost in most western countries. Japan's emphasis on group affiliation, loyalty, interpersonal obligations, honesty and education promotes the competitiveness of Japanese companies. Group affiliation and loyalty encourages individuals to recognize persistently with companies in which they work. It promotes the ethics of hard work and cooperation between management and labor for the good.