Suppose that your business or organization has obtained a reliable growth foreca

Question

Suppose that your business or organization has obtained a reliable growth forecast of the U.S. and local economies for calendar year 2013. Nature of my Business: I run an Automotive Paint Store that sells paint to the Independent Body Shops and the Car Dealership Body Shops. Please keep in mind that the economy is not growing at 4% (A) Suppose that the forecast is that the U.S. and local economies will grow by an unusually fast rate of 4% in 2013. What should your business or organization do in the next three months to prepare for that growth in the economy? (B) Suppose instead that the forecast is that the U.S. and local economies will contract by 2% in 2013. What should your business or organization do in the next three months to prepare for that contraction?

Explanation / Answer

Hi, If you like my answer rate me lifesaver first...that way only I can earn points. Thanks A) It should think of little expansion in sales quantity. Prepare stock in advance for selling. Start advertisements so as to increase sales. B) In this case also advertisements can help to boost sales. But some cost cutting is needed. Production should be slowed down and goods already manufactured should be sold first.

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