2 Assignment: Final Exam – 4 problems @ 50 points each /200 points world issues organizations face on a routine basis. These problems also reflect…

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Problem 2

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

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