Question
The General Manager (GM) of a car dealership is working on a three year business plan. The GM expects inflation to rise over the next
The General Manager (GM) of a car dealership is working on athree year business plan. The GM expects inflation to rise over the nextthree years.
1. How will higher inflation affect the number of vehicles thedealership can sell?
2. Based on the GMs inflation expectation what type of loan shouldthe dealership arrange with its bank in order finance its inventory of
automobiles?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
