econ2 Discussion

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Question Description

Second Mandatory Discussion Board

Select & summarize an article that discusses a firm as it relates to its actions to manage the cost of production. The article can be found under the electronic database in the electronic of the Library at College of Alameda, or it should be an article in Wall Street Journal or The Economist. The article shall not be older than two months.

List the article. The summary can be attached to this forum and it is not to exceed two pages (APA or MLA format)

Deadline: November 19, 2017



Use your own words and APA format. Please, follow the link below for information on APA format


https://owl.english.purdue.edu/owl/resource/560/01...

Tutor Answer

nkostas
School: UIUC

Attached.

Running head: TOYOTA CUTS PRODUCTION COST

Toyota Cuts Production Cost
Naming
Institution
Class
Date

1

TOYOTA CUTS PRODUCTION COST

2

Toyota Cuts Production Costs to Allow Record Research Budget
The Toyota Company has managed to cut the cost of production to up to $3,300 every
minute of their products for a period of six months. These savings as stated by the company’s
President Akio Toyoda shall push the company closer to their target of making electrified
powertrains and artificial intelligence. Furthermore, the figures in total that have been recorded
as saving over the period is 1000 billion yen equal to US$875 million (Bloomberg, 2017). In the
president’s own words, he has said that the money saved will be used to increase spending on
research and development. In fact, it is estimated that the research and development have been
allocated 1.06 trillion yen.
It is further indicated th...

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