Which of the Following Best Describes the Role of the Organization

question 25

Multiple Choice

Which of the following best describes the role of the Organization of Petroleum Exporting Countries as a marketing organization?

• A) It uses a pricing strategy of controlling world prices through collective action.
• B) It is regulated by NAFTA and the EU.
• C) It uses countertrade to obtain valuable foreign investments.
• D) It was formed to address the growing competition from Venezuela and North Sea crude exploration.

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Definitions:

Environmental Events

Occurrences or changes in the external environment that can impact an organization, such as natural disasters, regulatory changes, or economic shifts.

Countertrends

Movements or changes that go against the prevailing direction or trends in a particular area or sector.

Professional Associations

Organizations that aim to further a particular profession, protect the interests of its members, and improve professional standards, education, and ethics.

Environmental Scanning

The process of collecting information about external forces that can impact an organization's success, to assist in strategic planning.