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Business, 06.11.2019 20:31 Mikec123

Toyota motor company recently announced plans to build a new production facility in mexico and will be able to take advantage of reduced production costs related to wage rates in the local area. toyota will sell the vehicles in mexico and will also export the corolla model the plant produces around the world. the finished products costs will be based in the mexican peso which fluctuates but is generally considered to be weaker than the u. s. dollar or euro which will provide toyota with a price advantage in the export market. this is an example of how economic conditions can be leveraged to achieve a stronger position.

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