Economics Coursework Assignment Example | Topics and Well Written Essays - 1250 words

Economics Assignment - Coursework Exampleiew the decisions and port of individual households and firms in allocating limited resources.First to be considered are the pauperization drivers of the Toyota sedan.Toyota Motor Corp.s sedans have remained in steep demand all over the world owing to the effective quality, design, pricing and reputed brand name of the company. The Camry stiff the best-selling car in the United States for 13 out of the past 14 years and has in effect beaten competition from Hyundais Sonata, Kias Optimum and Fords Fusion. One major demand determinant is the price of the product and the prices of its opponent products. Toyota, through its effective lean management policies manages to price its sedans at competitive prices in the world foodstuff and through Total Quality Management, enforces high quality and safety standards in its cars that keep the demand high.Another demand driver is the rapidly growing population of the world and the even faster growing middle grad as a result of increased income, resulting in rise in demand for normal goods such as cars. For example, in India, the middle class enjoys a 4.9% increase in its annual income.Toyota Etios sedan gross revenue in India are expected to go up by 32% in 2012. Moreover, the changing consumer tastes and preferences also determine the profitability of Toyota sedans.Consumers today demand fuel-efficient and eco-friendly cars accompanied with a more streamlined, comfortable andluxurious design. Toyota has launched sedans that cater to its customers demands. However, the orbicular economic recession of 2008 adversely affected the sales of all automobile companies including Toyota since the depression hit the economies and the pockets of the public(Ball et al. 2012).Among add together factors, environmental conditions are significant. The 2011 Japan Tsunami wiped off 650 of Toyotas suppliers bringing the car production to a standstill and create it to lose its sales by 7.8% in the U.S. market. Also, the recent Thai floods have caused parts