Resources: The data compiled from the University of Phoenix Material – Big Drive Auto in Week Four (or the material from your own organization in which you faculty member has approved)
Write a 700- to 1,050- word paper addressing the following issues in the context of the scenario:
Identify and justify the macroeconomic measures of output and prices which you have selected for Big Drive Auto’s planning.
What are the relationships between the organization’s data and the macroeconomic measures you have selected?
Explain how specific planning and operating decisions at the organization can be improved using the macroeconomic data.
How would you get reliable forecasts of these macroeconomic variables?
In your planning, how would you deal with the uncertainty in macroeconomic forecasts?
How do business cycles affect the performances of Big Drive Auto (or the organization of your choice)? What could the organization do to mitigate any undesirable effects of business cycles?
Identify to what extent tariffs or quotas would affect international trade in your product.
How would you pay for imports, receive payment for exports, and manage exchange rate risk?
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