Firm is considering setting up operations in China
In order to be competitive in local markets, the firm is considering setting up operations in China. One of factors that will impact the decision-making is the predicted sales volume in China in 2020. It is assumed that the growth in sales volume is 100% correlated with the GDP growth in China.
For Problem 2, predict the annual sales in China in 2020. Carefully read the grading criteria on the LP5.2/Problem 2 Assignment Rubric to ensure you understand how this problem will be graded.
Table 2: Estimated Sales in China in 2017
|
Market |
Annual Sales in 2017 |
|
China |
$7,920,000 |
Table 3: GDP Growth Rate Per Market (in percent)
|
Year |
China |
EU |
|
2005 |
11.4 |
1.9 |
|
2006 |
12.7 |
2.2 |
|
2007 |
14.2 |
1.6 |
|
2008 |
9.7 |
0.2 |
|
2009 |
9.4 |
-0.5 |
|
2010 |
10.6 |
1.7 |
|
2011 |
9.5 |
2.1 |
|
2012 |
7.9 |
-4.4 |
|
2013 |
7.8 |
0.4 |
|
2014 |
7.3 |
3.1 |
|
2015 |
6.9 |
3.3 |
|
2016 |
6.1 |
2.1 |
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