1. Select a public company that seems to have a cost advantage over its competitors - demonstrated by consistently lowest prices in the market.
   1. Describe one or more sources of advantage.
   2. Identify any resources or capabilities the company has that enable it to achieve low costs.
   3. What if anything prevents competitors from imitating this product or service? Explain.
2. How does the Toyota Production System provide a cost advantage for Toyota?

Toyota's production system provides a reduce in waste, increasing efficiency and reducing the cost.