Best-Cost manufacturer Strategy of Toyota for its Lexus Line

Question

Discuss how Toyota has been capable to get its low-cost leadership rank in the industry?

Answer 1

Toyota has achieved low-cost leadership position because it has developed substantial skills in well-organized supply chain management and low-cost meeting capabilities and because its models are so well-positioned in the little-to-average end of the price range. These are enhanced by Toyota’s strong stress on quality.