OPEC Can Be Considered as a "Cartel" Which Is a Group

question 1

Multiple Choice

OPEC can be considered as a "cartel" which is a group of separate companies that collectively:

• A)sets prices, controls output, or takes other actions to maximize profits.
• B)dictates how other countries should use their products.
• C)produces more products in order to beat the competition.
• D)conducts activities that are considered illegal in the United States.
• E)works on forming a union against management of other companies.

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Definitions:

Informal Networking

The casual development of professional relationships, typically in unstructured settings like social events, without a specific agenda or formal membership.

Entrepreneurial Success

The achievement of desired goals and objectives through the creation and growth of a viable and sustainable business venture.

Chamber Of Commerce

A local organization of businesses whose goal is to further the interests of businesses, offering members networking opportunities, business resources, and advocacy.

Networking Opportunities

Chances for individuals to meet and interact with others in their field or industry to exchange information and develop professional or social contacts.