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A top executive from Toyota sits on the boards of the Tomo Tire Co., which manufactures tires for Toyota automobiles. Toyota and Tomo Tire Company trade with each other whenever possible and work together in product development, finance, and marketing. This is an example of _______.

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jayilych4real

This given scenario is an example of keiretsu.

What is a Keiretsu?

This refers to the conglomerate of businesses that are linked together based on shared holdings and is a popular business term in Japan.

Hence, we can see that based on the given scenario about the business partnership between Toyota and Tomo Tires, they work together on product development, finance, and marketing. This is an example of a keirestsu.

Read more about Keiretsus here:

https://brainly.com/question/23874305

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