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Essay / Australia Case Study - 1027
For the macro-environmental level, political, legal and environmental aspects are not involved in this case. Economically, Toyota's departure would reduce the Australian government's tax revenue as well as government support expenditure, so there would not be much influence on the economic aspect. For the socio-cultural aspect, there are 4,200 direct employees at Toyota. If Toyota left Australia, taking into account the indirect employees and other jobs associated with Toyota cars, it would lead to severe unemployment. According to Andrew, Yannis and Peter (2001), current unemployment and past unemployment would decrease life satisfaction and lead to other psychological impacts. Toyota's departure would therefore have a serious psychological impact. For the technological aspect, even if Toyota has sophisticated techniques, there are still many other manufacturers who all have sophisticated techniques, there would be no distinct effect on this aspect. In addition, there are also unfavorable situations that impact Toyota's profits. The first is the small scale of operations. As a large country with a small population, Australia's automobile sales accounted for only 1% of the global market. This limit