Electric cars are increasingly becoming popular around the world, especially, in the most advanced economies. Governments have been switching their full support from fossil￾powered cars to battery-powered cars, and even in Germany, Angela Merkel is lacing up her boots for double subsidies to ratchet up the production of electric cars. The sale of electric cars has tripled in Germany over the past few months. What do you anticipate would be: i) the immediate and long-run impacts of the growing popularity of electric car production in advanced countries on the fossil car sale industry in both western and African economies including Ghana? ii) the immediate and long-run impacts of the growing popularity of electric car productionin advanced countries on car mechanics (including spare parts dealers) and car technology education industries in both western and African economies including Ghana?  iii)Explain whether the introduction of electric cars present to you as an entrepreneur new opportunities to exploit to create wealth or threats that would further cripple your country’s economy? Is your country ready for this new challenge? Yes or no? Why?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

Respond to this with 150 words.

Electric cars are increasingly becoming popular around the world, especially, in the most
advanced economies. Governments have been switching their full support from fossil￾powered cars to battery-powered cars, and even in Germany, Angela Merkel is lacing up
her boots for double subsidies to ratchet up the production of electric cars. The sale of
electric cars has tripled in Germany over the past few months. What do you anticipate
would be:

i) the immediate and long-run impacts of the growing popularity of electric car
production in advanced countries on the fossil car sale industry in both western and African economies including Ghana?

ii) the immediate and long-run impacts of the growing popularity of electric car productionin advanced countries on car mechanics (including spare parts dealers) and car technology education industries in both western and African economies

including Ghana? 

iii)Explain whether the introduction of electric cars present to you as an entrepreneur new opportunities to exploit to create wealth or threats that would further cripple your country’s economy? Is your country ready for this new challenge? Yes or no? Why? 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Business law
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.