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International Business: Toyota

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Title: International Business: Toyota

Essay Details:

Subject: Business

Author: Frank A

Date: June 23, 2015

Level: University

Grade: A

Length: 12 / 3317

Essay text:

Toyota’s automotive business, including sales finance, accounts for more than 90% of the company’s total sales. In March 2006, Accountancy Age reported that Toyota (fiscal years ended 31 March) had already sold almost 8 million vehicles worldwide. Diagram below shows Toyota annual global production from 2002 to 2006. Annual sales had been climbing steadily with the latest global sales hitting at 7,974,000 units (Toyota, 2006). Diagram 1: Toyota’s Annual Vehicle Production. Fiscal years ended March 31. Source: Toyota Financial Highlights Toyota Motor Corporation operates under the basic principle of ‘kaizen’...

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