Answer to Question #198227 in Marketing for hilma

Question #198227

Clearly indicate the challenges that an oil company may face in terms of balance profits, consumers want and society interest


1
Expert's answer
2021-05-26T20:52:02-0400

The challenges that oil firms face include prices risks and demand and supply risks. Based on the former risk, the companies may face higher production costs, where they are required to incur intensively in geological costs to extract the product. The increased expenditures at the early stages of the production process incline the oil companies to increase their price. However, the increased prices scares away buyers making the firms to endure some loses as they sell the products to a lower cost.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS