Assignment:
Q1. How do MNEs try to cut production costs? Identify and describe three steps.
Q2. In what way is the continuous reduction cost method used by Japanese manufacturers different from the periodic cost reduction method employed by many US firms? Compare and contrast the two.
Q3. Some MNEs use a production strategy that involves costing a portfolio of related goods rather than just costing each individually. What is the logic behind this strategy?
Provide complete and step by step solution for the question and show calculations and use formulas.