OPEC

are becoming more common, which is causing the demand for oil to drop. Large oil producing countries, such as Saudi Arabia, are also playing a major role in the dropping oil prices. They disregard the Organization of Petroleum Exporting Countries ( OPEC) advice to stop oil production. It does not look like there are going to be any…

Historians and archeologists have found evidence of human civilization in the Nile Valley dating as far back as 120,000 years ago. Over time, population began to grow and divide itself into two kingdoms, Upper and Lower Egypt. Around 3150 B.C., a pharaoh from the Early Dynastic Period gained control of both kingdoms uniting them to form the Egypt known today. With a population of 90 million, it makes Egypt the third most populated country in all of Africa. Roughly, 20 percent of this…

From its release in October 1973, The Exorcist generated an unprecedented amount of pandemonium among movie goers worldwide. Theaters across the us, and the world, were flooded with patrons hoping to experience the shock and terror that was inspiring such notorious media coverage. Media outlets across the globe were reporting murders and suicides attributed to the film, “in San Francisco a deranged patron charged the screen in an attempt to kill the demon; in Harlem a priest attempted to…

Going into depth with the energy crisis, the biggest issue was the want and need for oil with not enough oil to go around to everyone causing issues with members of the Organization of Petroleum Exporting Companies (OPEC). After the Iranian Revolution the oil industry was just not the same causing the prices of oil per barrel to skyrocket (Britannica Staff). This became a problem within the energy crisis since the majority of people living in the United States of America…

It goes without saying that corporations have a huge impact on society, they define the city skylines with their high rise buildings and provide the very products we need for our everyday life. However, the fact remains that corporations exist to be a money making tool for its owners. Many corporations are run based on the theory of shareholder primacy which postulates that the management of a corporation has one duty-to maximise shareholder dividends (Hall et al., 2008). Now, there really isn’t…

External & internal environment There are two types of environment of the marketing the external & internal environments. The external environment is involved of those variables which are the natural environment, societal environment and task environment. The societal environment includes general forces that do not directly touch on the short run activities of the organization but can influence its long –term these forces are the : economic forces , technological forces , political –legal…

Key Markets: The Market segment that has been targeted by Tesla in the first place was Sports premium electric cars with high-end Prices. Indeed, it was confirmed by launching the model Roadster as the First-Tesla product to be marketed. Soon the model S was launched to tackle the Sports premium sedan segment to capture more market share as well as lately the model X for the luxury SUV segment. The premium luxury automobiles industry takes up to 15% of the total automotive industry and with a…

Claiming approximately 9.7 million barrels of crude oil per day, Saudi Arabia boasts the richest oil fields in the world. It is widely claimed that KSA has grossly exaggerated. Saudi Arabia’s economy can be adversely affected by the OPEC (Organization of the Petroleum Exporting Countries) and any restrictions or sanctions on the oil industry. The only diversification of income is in steel production and petrochemicals. Other sources of income for KSA are the nearly 40,000 temporary…

Through the implementation of the decree “Heroes del Chaco” by Evo Morales (2006), Petrobras was basically forced to enter a Joint Venture with the Bolivian state-owned gas company YPFB, disadvantaging the Brazilian firm. As identified by Simon (1976), rationality is bounded and omniscient decision-making is impossible. Companies therefore need to rely on the incomplete and limited information available. When entering the Bolivian market in the 1990s, there had been no signs pointing towards the…

winter, frequent sunny skies. It is the fastest growing region in the U.S. President Nixon is most commonly known for the Watergate Scandal when members of his administration broke into headquarters in the Watergate complex. In the following year OPEC (Organization of Petroleum Exporting Countries), was an organization formed with 14 nations involved with the purpose of coordinating petroleum…