Big Auto
- Submitted by: akinahs
- Views: 1055
- Category: Other
- Date Submitted: 01/24/2011 09:06 PM
- Pages: 9
- Report this Essay
Big Drive Auto
Big Drive Auto
There is evidence that suggests the economic futures can be forecasted by the automotive industry, and as a result this paper will discuss the economic projections of Big Drive Auto, a multistate, multi-manufacture of cars and trucks. The company sells vehicles and services parts for repair, in addition to conducting significant contributions in the motor oil, coolant, and replacement tire industries. In an effort of remaining successful, Big Auto will need to be able to forecast, based on the records kept from the past ten years, its future business needs and areas of growth if they are in to stay ahead of the industry. This information will assist management in making future production plans for the organization because it will be based off of the companies’ previous sales of parts, service and auto sales, and an evaluation of the revenue generated in spite of fluctuations in the economy. Additionally, this historical data will be used from previous years to demonstrate future pricing strategy. Product recommendations for the company will be in part considered by management’s intuition and awareness of where the economy was in recent years and is likely to lean towards what will assist the company in moving forward. Moving forward, management of the organization will need to predict with some certainty a solid strategy to deal with how well the automotive industry could fair in the coming years based on mathematical equations, which take into consideration economic analysis, to be inclusive of operations, costs, and productivity, as this will allow them to have some level of precision in their projections (Duffy, 2008). The paper will conclude with a summary of what is believed to be the direction of the company.
Pricing Strategy Recommendations
The company must determine the demand for the products and services rendered. Further, it must consider how productive the function is, in particular, the supply of its...
Big Drive Auto
There is evidence that suggests the economic futures can be forecasted by the automotive industry, and as a result this paper will discuss the economic projections of Big Drive Auto, a multistate, multi-manufacture of cars and trucks. The company sells vehicles and services parts for repair, in addition to conducting significant contributions in the motor oil, coolant, and replacement tire industries. In an effort of remaining successful, Big Auto will need to be able to forecast, based on the records kept from the past ten years, its future business needs and areas of growth if they are in to stay ahead of the industry. This information will assist management in making future production plans for the organization because it will be based off of the companies’ previous sales of parts, service and auto sales, and an evaluation of the revenue generated in spite of fluctuations in the economy. Additionally, this historical data will be used from previous years to demonstrate future pricing strategy. Product recommendations for the company will be in part considered by management’s intuition and awareness of where the economy was in recent years and is likely to lean towards what will assist the company in moving forward. Moving forward, management of the organization will need to predict with some certainty a solid strategy to deal with how well the automotive industry could fair in the coming years based on mathematical equations, which take into consideration economic analysis, to be inclusive of operations, costs, and productivity, as this will allow them to have some level of precision in their projections (Duffy, 2008). The paper will conclude with a summary of what is believed to be the direction of the company.
Pricing Strategy Recommendations
The company must determine the demand for the products and services rendered. Further, it must consider how productive the function is, in particular, the supply of its...