Early results on the Lexus, Toyota's upscale car, showed it was taking the most business from customers changing from BMW (15%), Mercedes (14%), Toyota (14%), General Motors' Cadillac (12%), and Ford's Lincoln (6%). With what in the auto business is considered a high percentage of sales coming from its own customers (14%), how badly is Toyota hurting itself with the Lexus?
Answer to relevant QuestionsComment on the following statement that appeared in The Economist (August 20, 1988, p. 60): ''Those oil producers that have snapped up overseas refineries-Kuwait, Venezuela, Libya and, most recently, Saudi Arabia-can feed ...What are the basic problems arising in international trade financing, and how do the main financing instruments help solve those problems?Suppose Minnesota Machines (MM) is trying to price an export order from Russia. Payment is due nine months after shipping. Given the risks involved, MM would like to factor its receivable without recourse. The factor will ...Twenty divisions of Union Carbide, now part of Dow Chemical, sell to thousands of customers in more than 50 countries throughout the world. The proceeds are received in the form of drafts, checks, and letters of credit. ...Suppose Navistar's Canadian subsidiary sells 1,500 trucks monthly to the French affiliate at a transfer price of $27,000 per unit. Assume that the Canadian and French marginal tax rates on corporate income equal 45% and 50%, ...
Post your question