Gross Domestic Product (GDP) is the total value of services or completed goods that are produced within a country. The most common way to calculate GDP is to add the consumption, investment and exports and from it subtract the imports. That wo

Inflation is another macroeconomic indicator that affects the profitability of the firm. Inflation would mean an increase in the prices of any stated product. Inflation in automotive wheels would mean a general increase in its prices. If inflation is general then that means an increase in prices generally. With increased prices, the prices of raw material and labor increase, thus forcing an organization to increase its product prices. Moreover health care insurance premium for the employees increase as well and practically it has been seen rising at a faster rate than general inflation. In such a situation, any organization should analyze and increase its prices in line with the general inflation rate.

uld give the GDP of any nation. Higher consumption levels would increase the GDP thus proving to be beneficial for any firm e.g. Hayes. Due to globalization, Hayes

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