Toyota Vs BMW

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Title: Toyota Vs BMW

Essay Details:

Subject: Business

Author: Daniel O

Date: June 23, 2014

Level: University

Grade: A

Length: 7 / 1844

Essay text:

A point to bring up here would be the ‘parts market’. The parts market constitutes a very lucrative part of the industry. For example, a new car might cost a certain amount, but if the consumer were to buy separate parts and assemble the car, all the parts needed to construct that car would cost 3 to 4 times more. The Automobile industry is highly labor intensive and requires high amounts of capital. Majority of costs for manufacturers are incurred in labor, raw material and marketing. Although machines and robots are mainly used in the production line, there are substantial labor costs associated with the design and engineering of an automobile...

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