Big Auto Drive ECON GM 561

May 5th, 2015
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Big Auto Drive ECON GM 561University of PhoenixBig Auto DriveAbstractThe automotive industry is a major force in the global market; it produces more than 60 million cars every year (Industry Week Magazine). Doe to the present financial crisis, the automotive industry sees their sales growth have reduced drastically over the years. Two major contributing factors are new entry into the market and high unemployment rates in countries such as Canada. With the never-ending global economic crisis, emphasis has been laid for stronger economic policies to improve standards of living from the slowdown in productivity growth. Predicting economic futures accurately is essential to ensure that individual organizations choose the best business alternatives.IntroductionBig Drive Auto is a dealership company in Canada; they sell various cars and trucks from different manufacturers around the world. The company also provides a full maintenance services, sells parts for repairs and does a significant business in motor oil, coolant, and replacement tires. Management of Big Drive Auto is also scanning the macroeconomic environment for signals that will help it better plan its business (UOPM, 2012). The objective of this paper is to evaluate macroeconomic measures of Canada against which Big Drive must use to compare its own sales and price data. The paper will also evaluate any relationship between the two, and graphs will be used to explain the existing relationships. Suggestions

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