Auto industry price elasticity of demandThe automobile industry has brought the United States economic development due to the impact that automobiles have produced on society. Headquartered in Munich, Germany, BMW Group is one particular of the leading auto manufacturers in the world. With three of the strongest premium brands in the car industry —BMW, MINI and Rolls-Royce, BMW targets at the higher-finish market place. BMW (UK) is a subsidiary of BMW Group. Becoming the third largest market for BMW Group worldwide, UK is the only nation where all the 3 premium brands are presented (BMW UK Reality Sheet 2009).

For the car business, this implies a lot of efficiency they’ve gained from creating up the international provide chain is lost. Price tag elasticity of Demand is elastic for the auto sector. As rates rise, buyers discover option modes of transportation. Nevertheless, exactly where the auto business trades is on the … READ MORE ...