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Toyota Motor Corporation is known for its efficient production system, including cost management. Analyze Toyota's cost structure and production process, focusing on the principles of
Toyota Motor Corporation is known for its efficient production system, including cost management. Analyze Toyota's cost structure and production process, focusing on the principles of lean manufacturing. Discuss how Toyota controls its manufacturing costs and minimizes waste. Calculate the cost per unit for one of Toyota's bestselling vehicles, such as the Toyota Camry, which costs $25,000 per unit to produce.
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