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Customer complaints about Toyota cars suddenly accelerating were initially downplayed by Toyota Motor Sales in December 2009, which initially stated that it was caused by the driver's side carpeting getting in the way of the pedal. Toyota's announcements at the beginning of 2010, however, suggested that the real culprit was a defective gas pedal. This resulted in many calls for an investigation, as the initial claim about the carpeting was seen as apparent camouflage for a more serious situation, one that is alleged to have resulted in hundreds of Toyota cars suddenly accelerating and unable to stop, as well as several passengers dying in accidents. Additional issues have since emerged that suggested other mechanical problems at this major automobile manufacturer. Within the automobile world, the recalls have affected over eight million Toyota automobiles. Research this incident online. Share what you see as the responsibilities that a marketer (Toyota) has to the society in which it markets its goods. Was there an ethical breach by Toyota in not coming forth when the problem with acceleration was first reported, or was it simply a series of poor business decisions? Or was it both? Substantiate your response. Given the current situation, what would you suggest that Toyota do to ensure that its marketing practices are seen by its publics as ethical and above board? At the same time, how should Toyota market itself to regain consumer trust that has been shaken by the many deaths that resulted because of the initial gas pedal defect?
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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