Toyota Motor Corporation has a huge Market share in Zambia but the strong Yen against the Kwacha has had an adverse impact on the sales of Toyota vehicles in Zambia. In Zambia, Toyota is grappling with competition from the Chinese car makers, whose latest models are popular with Zambian buyers. Further the Chinese currency has remained stable relative to the Kwacha. Required: Draft a report outlining the measures you would recommend for Toyota to implement in Zambia in order to maintain it’s market share.
Toyota Motor Corporation has a huge Market share in Zambia but the strong Yen against the Kwacha has had an adverse impact on the sales of Toyota vehicles in Zambia. In Zambia, Toyota is grappling with competition from the Chinese car makers, whose latest models are popular with Zambian buyers. Further the Chinese currency has remained stable relative to the Kwacha. Required: Draft a report outlining the measures you would recommend for Toyota to implement in Zambia in order to maintain it’s market share.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Toyota Motor Corporation has a huge Market share in Zambia but the strong Yen
against the Kwacha has had an adverse impact on the sales of Toyota vehicles in
Zambia. In Zambia, Toyota is grappling with competition from the Chinese car
makers, whose latest models are popular with Zambian buyers. Further the Chinese
currency has remained stable relative to the Kwacha.
Required:
Draft a report outlining the measures you would recommend for Toyota to implement
in Zambia in order to maintain it’s market share.
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