Give the overview of history of auto industry, market in which it operates, any issues or opportunities that auto industry faces. Describe market Trends (Cost structure, Productivity, price elasticity of demand, competitors).
Explain the following:
1. Find out how global competition influences your organization
2. Must the organization or industry continue, expand, or reduce present operations to maximize profits? Describe your reasoning. Must the organization or industry decrease production or shut down operations? Describe your reasoning.