key term - Toyota

Definition

Toyota is a multinational automotive manufacturer headquartered in Japan, known for its production of cars, trucks, and automobile parts. It plays a significant role in global trade and has been recognized for its commitments to sustainability, quality manufacturing processes, and innovations in hybrid and electric vehicle technologies.

Related terms

Global Trade: The exchange of goods and services across international borders, enabling companies like Toyota to operate and compete worldwide.

Corporate Social Responsibility (CSR): A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders; Toyota's efforts in producing eco-friendly vehicles exemplify CSR initiatives.

Lean Manufacturing:

An approach to production that emphasizes waste reduction without sacrificing productivity; Toyota's development of the Toyota Production System (TPS) is a cornerstone example of lean manufacturing techniques