toyota business

If Toyota's operation had been based on cost rather than quality, it would have changed the raw material. Toyota's operations have recently set high expectations for content consistency. This suggests that, in order to concentrate on a low-cost vehicle, Toyota would have preferred to use more cost-effective materials, losing efficiency in many cases. Toyota, on the other hand, will supply their vehicles from competitive vendors that are not keeping to a higher quality commodity level. Furthermore, if Toyota had changed its mind and decided to cut costs, it would not have hired product marketing experts. As a result, it would have retained any person who seems to be qualified for the personnel position. Through this, Toyota will be in a place to save a significant amount of money in salaries where an individual at entry level will be paid significantly, less than a person who is an expert in a particular area since without experts there will be little quality assurance.

FedEx and the U.S. Postal Service compete (USPS) for many of the same customers. Nevertheless, they have unlike strategies for attracting customers. United States postal service attracts its customers through pricing strategies by offering flat rate services. This has yielded to the attraction of many customers since the price is set based on the size of the product despite the weight of the package. Additionally, USPS attract more customers through the place strategies since it offers many altered locations that are close to their customers’ home. Interestingly, United States postal services provide daily pick up and drop off at their consumers’ home making the place to conduct business ideal. On the other hand, FedEx attracts customers through product differentiation. FedEx achieve this through its, reliability, use of technology and quick delivery times that allows consumers, to look for a trackable package that will arrive quickly. Additionally, FedEx uses advertisement strategy to attract customers. In many public places, some billboards show the FedEx logo that draws the attention of many consumers.

Part B

Maryann has an opportunity of buying the catering business at a low price and look for ways to revitalize the company. Moreover, she can work with the non-certified public accountant who will help her to look for financial planning, make changes to the market, and create positive cash flow. Interestingly, it is essential for Maryann to understand if the market has a proven record through their financial records.

Liabilities are debts. In Maryann catering business, the liabilities are more than assets. Therefore, it is crucial to resell the company because, whether the burden is long-term or current it is still a debt and since the company does not have more asset to cover the debt, Maryann should resell it since she cannot afford to keep the firm. Moreover, Maryann may have troubles finding investors because; the business solvency ratio is too low. Besides, selling the organization will help Maryann get out of debt if she feels that she is using too much money to pay off the debt.

Even with adverse owners’ equity, the catering business is worth buying. This is because; there may be some indicators within the auditor report that may help a potential buyer to decide whether to buy the business. One of this report that they should consider is the income statement that helps to determine the profit or the loss of the company. Additionally, income statement will help Maryann to know whether the organization was profitable or will be successful. Further, operating expenses and gross profit will show how much profit the company will make and how much it will cost to run the business