Pneumatic Tires Inc.
United Kingdom and Japan
Pneumatic Tires Inc. Report
Pneumatic Tires Inc. shall open its stores in either the United Kingdom or Japan. Both countries have a major automobile industry, which happen to be the finest two options to explore. By researching these countries with indicators, Growth, Unemployment, Inflation and Balance of Payments, we will be able to come to a conclusion, to which country the company is best suited to. Research of each country is crucial, since the business must become successful and create enough revenue to cover costs, and by choosing the right country is the first step to thriving new branch company.
The Gross Domestic Product (GDP) in the United Kingdom expanded at an annual rate of 0.8 percent in the last reported quarter. The United Kingdom is among the world's most developed economies. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. Over the past two decades the government has greatly reduced public ownership and contained the growth of social welfare programs. This chart of GDP growth rate from 1990 to 2010 in the United Kingdom, it shows that the GDP Growth Rate has been fluctuating at a steady rate, but recently due to the recession the GDP growth rate has fallen and of late it has been inclining at a moderate pace. The UK economy grew by a faster-than-expected 1.2percent in the second quarter of the year, according to official data. It was the fastest quarterly expansion since 2006, and marked a sharp pick-up in pace from the 0.3percent growth of the first three months of the year 2010. But during the third...