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international accounting group
Finance & Accounting
Pages 6 (1506 words)
Table of Contents Solution 1 2 Solution 2 2 Solution 3 3 Solution 4 4 Solution 5 5 REFERENCES 8 Solution 1 Toyota is manufacturing its products in Japan but it is aggressively expanding its manufacturing outside Japan so as to minimize its cost. It is the most useful technique that Toyota is following as transferring its manufacturing outside Japan as the cost of labor is cheap and Toyota faces many of the tax benefits as well.
One of the benefits also include the access to the wide market when Toyota manufactures and assembles in these countries and the access to the market is cheaper as compared to the situation where Toyota manufacture in Japan and export it. The cost effectiveness for Toyota by manufacturing and assembling outside Japan is one of the major reason as the manufacturing cost in Japan is much higher than other countries and especially from developing countries. Toyota is considering to setup the manufacturing and assembly operations in under developed countries where the costs are cheap and is much beneficial for the company. Competing against General Motors in North America and with high financial stability along with the target of covering most of the markets it is beneficial for Toyota to get advantage from every opportunity that seams feasible and cut down costs and cover most of the markets. Solution 2 Toyota has been known for its quality control that it has thrived to provide keeping low costs for its products and its target customers. Like every large company it has made efforts to expand its operations and shown the great presence in markets like US. ...
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