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iren [92.7K]
3 years ago
14

Toyota, the giant global automaker, paid a heavy price for its ___________ emphasis on cost control. The resulting problems with

quality and the negative publicity led to severe financial losses and an erosion of its reputation in many markets.
Business
2 answers:
Dafna1 [17]3 years ago
8 0

Answer:

The options for this question are the following:

A. Minimal

B. Superficial

C. Low-budget

D. Excessive

The correct answer is D. Excessive.

Explanation:

In this case, it is useful to consider that cost control is the procedure that allows companies to carry out the regulatory and protection processes against what the client expects to receive. Toyota is a well-known brand, and poor cost management can have an impact on the inflation of its costs and therefore the price of its cars rises considerably. Excessive costs negatively influence the companies' results, and therefore their correct management influences optimal results for the operation.

anzhelika [568]3 years ago
6 0

Answer:

excessive

Explanation:

Toyota is famous for its just in time (JIT) manufacturing method. It reduces costs by lowering lead times and inventory levels. Japanese car manufacturers (e.g. Toyota and Honda) are very successful and famous world-wide because they have managed to produce very high quality cars at lower prices than their competition. Like most Japanese manufacturers, they follow Deming's total quality philosophy.

The downside with this philosophy is that is relies on a very tight vendor manufacturer relationship. Once Toyota or Honda, or other Japanese factories, start working with one vendor, they will continue to do so for long periods of time, since they trust their vendors maybe a little too much.

In this case, Toyota demands very low prices from its vendors in order to purchase components and parts. That leaves the company vulnerable to any problems related with the vendors' product quality.

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It is said that in a perfectly competitive market, raising the price of a firm's product from the prevailing market price of $17
stich3 [128]

Answer:

could likely result in a notable loss of sales to competitors

Explanation:

In the case of the perfect competitive market wheen the price of the firm is increased from $179 to $199 as compared to the prevailing market price so this means that there should be the loss with respect to the sales for the competitors or rivalrs as this would result the firm to lose its overall shares to its rivalry

Therefore the above statement should be considered true

6 0
2 years ago
What factors caused american business to develop into a mixed economic system rather than some other type of economic system?
Ksivusya [100]

The economic system in the USA is rooted in the Laissez-Faire capitalism of Adam Smith. However, the real-world setting in the US is not as Laissez-Faire as Smith would have liked because the government greatly participates as more than umpire and rule maker. The government take part in American Business by way of resource or product markets, interest, and especially taxes which results in making the American business progressed into a mixed economy, showing both elements of capitalism and socialism.

Other factors such as <span>foreign competition, the Great Depression, World Wars I and II, and the increasing age of population have also contributed to the mixed economic system.</span>

3 0
3 years ago
Read 2 more answers
After making a sale, a seller may have customers that return goods. The seller uses the perpetual inventory system. This require
anyanavicka [17]

Answer:

D. All of the statements are correct.

Explanation:

The Seller requires to

Reduce its sales by the estimated return value and cost of goods sold by the estimated cost value of the units expected to return in the future.

Use historical data of sales and returns and calculate the value of expected return items.

After the estimation of values record the adjusting transaction for the estimated return liability and the inventory to be returna as well.

7 0
2 years ago
A(n) ______ is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
Tema [17]

Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.

<h3>What is a business?</h3>

A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.

Business meets a need and gets profit in return.

Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.

learn more on business here

brainly.com/question/24553900

3 0
2 years ago
Rosalita's and Antonio's are Mexican restaurant chains. Each restaurant offers similar items on their menus. However, Antonio's
nalin [4]

Answer:

We can conclude that they implement the product and service differentiation strategy.

Explanation:

The product and service differentiation strategy is a marketing strategy that consists of increasing consumer perception and satisfaction through products and services that are different from the competition, whether through design, added benefits, etc. Differentiation helps a company to become more competitive in a homogeneous market and increases brand value and consumer loyalty.

7 0
3 years ago
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