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In: Economics
Assignment-2 A. Analyse the functions of Organization of Petroleum Exporting Countries and identify OPEC member nations...
Assignment-2
A. Analyse the functions of Organization of Petroleum Exporting Countries and identify OPEC member nations influence and maintain the price of oil through the control of production levels and to generate revenue in recent years. [1000 – 1200 words] 4 Marks.
B. Compare and analyse the effect of Multi-National Companies (MNCs) in Fast Food Chain Outlets with Saudi Based domestic Fast Food Outlets.
Consider one MNC Fast Food outlet (McDonalds / KFC / Pizza Hut / Baskin-Robbins) with one Saudi based domestic Fast Food outlet (Al Tazaj / Al Baik / Kudu / Herfy). [900-1000 words] 3 Marks.
Prepare a short report with the help of following points:
1. Present the study report with clear Introduction and Conclusion including your own views.
2. Analyze your study with micro and macro environmental forces by using SWOT analysis.
3. Analyze the Political and Economic challenges.
4. Analyze the Legal and Cultural challenges of each country.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Assignment-2 A. Analyse the functions of Organization of Petroleum Exporting Countries and identify OPEC member nations...
Assignment-2
A. Analyse the functions of Organization of Petroleum Exporting
Countries and identify OPEC member nations influence and maintain
the price of oil through the control of production levels and to
generate revenue in recent years. [1000 – 1200 words] 4 Marks.
B. Compare and analyse the effect of Multi-National Companies
(MNCs) in Fast Food Chain Outlets with Saudi Based domestic Fast
Food Outlets.
Consider one MNC Fast Food outlet (McDonalds / KFC / Pizza Hut /
Baskin-Robbins) with one...
Assignment-2 A. Analyse the functions of Organization of Petroleum Exporting Countries and identify OPEC member nations...
Assignment-2
A. Analyse the functions of Organization of Petroleum Exporting
Countries and identify OPEC member nations influence and maintain
the price of oil through the control of production levels and to
generate revenue in recent years. [1000 – 1200 words] 4 Marks.
B. Compare and analyse the effect of Multi-National Companies
(MNCs) in Fast Food Chain Outlets with Saudi Based domestic Fast
Food Outlets.
Consider one MNC Fast Food outlet (McDonalds / KFC / Pizza Hut /
Baskin-Robbins) with one...
The Organization of the Petroleum Exporting Countries (OPEC) is a group of oil producers that have...
The Organization of the Petroleum Exporting Countries (OPEC) is
a group of oil producers that have entered into an agreement aimed
at controlling the world supply of oil. They behave like a
monopolist, seeking to maximize profits by restricting output and
increasing price. Suppose that the inverse demand curve for oil
over the next five years is P = 165 − 2.5Q, where Q is millions of
barrels per day. OPEC’s marginal cost is $15/barrel, or C(Q) =
15Q.
a....
What is unit inelasticity of demand? OPEC (organization of petroleum exporting countries) is a group of...
What is unit inelasticity of demand?
OPEC (organization of petroleum exporting countries) is a group
of countries that generates 45% of the world’s total crude oil
production. Hence, OPEC has significant influence on the amount of
oil produced each year. Countries in the OPEC sometimes do not
agree with the prevailing price of oil in the global market. In
such cases, they respond by cutting their production. (Example:
Saudi Arabia stops pumping oil out of some wells.) What happens to...
The opening statement on the website of the Organization of Petroleum Exporting Countries (OPEC) says its...
The opening statement on the website of the Organization of
Petroleum Exporting Countries (OPEC) says its members seek “. . .
to secure an efficient, economic and regular supply of petroleum to
consumers, a steady income to producers and a fair return on
capital for those investing in the petroleum industry.” To achieve
this goal, OPEC attempts to coordinate and unify petroleum policies
by raising or lowering its members’ collective oil production.
However, increased production by Russia, Oman, Mexico, Norway,...
Perhaps the most famous example of oligopolistic collusion is the Organization of Petroleum Exporting Countries (OPEC). ...
Perhaps the most famous example of oligopolistic collusion is
the Organization of Petroleum Exporting Countries
(OPEC). During the 1970s, this cartel, which controlled
much of the world supply of oil at the time, was able to control
output and significantly raise world oil prices. However, since
that time, OPEC has been largely unsuccessful in controlling the
supply of oil.
Another factor that has weakened OPEC control is oil discoveries
in other countries, induced in part by expected profits due to...
When OPEC (Organization for Petroleum Exporting Countries) was established and started to apply a quota (restriction)...
When OPEC (Organization for Petroleum Exporting Countries) was
established and started to apply a quota (restriction) in petroleum
production, this triggered a crisis that we called as stagflation
(supply shock) in 1970s. Can you write what did happen and why did
it happen clearly by drawing a graph to explain this crisis. Don’t
forget to label the graph and also explain how an economy get rid
of from this crisis?
ORGANISATION OF PETROLEUM EXPORTING COUNTRIES- OPEC ( MAJOR SUPPLIERS) VERSUS ORGANISATION FOR ECONOMIC COOPERATION AND DEVELOPMENT-...
ORGANISATION OF PETROLEUM EXPORTING COUNTRIES- OPEC ( MAJOR
SUPPLIERS) VERSUS ORGANISATION FOR ECONOMIC COOPERATION AND
DEVELOPMENT- OECD ( MAJOR BUYERS) In the short run, both the supply
and demand for crude petroleum oil are relatively inelastic. Supply
is inelastic because the quantity of known crude petroleum oil
reserves and the capacity for oil extraction cannot be changed
quickly, as price fluctuates, couple with the indiscipline of some
OPEC member countries in dire need for money for development, often
exceed their...
OPEC is an intergovernmental organization of 13 nations. As of 2015, the 13 countries accounted for...
OPEC is an intergovernmental organization of 13 nations. As of
2015, the 13 countries accounted for an estimated 42 percent of
global oil production and 73 percent of the world's "proven" oil
reserves, giving OPEC a major influence on global oil prices that
were previously determined by American-dominated multinational oil
companies.
Understanding this type of dynamic in which a few countries (or
firms) dominate the market being able to set the price, yet unable
to raise significant barriers to entry...
Gas O.P.E.C. (Organization of Petroleum Exporting Countries) been successful in controlling the behavior of its members....
Gas O.P.E.C. (Organization of Petroleum Exporting Countries) been
successful in controlling the behavior of its members. Support your
answer with 250 words or more.
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