Which of the Following BEST Describes the Role of the Organization

question 68

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:

Performance Advantages

Benefits or superior outcomes achieved by individuals, teams, or organizations that effectively utilize their resources, talents, and strategies.

Conservative Decision

A decision-making approach that involves choosing options that have the least potential for negative outcomes or risks, preferring safety and stability.

Complex Problems

Issues or challenges that are multi-faceted, involving numerous variables, and are difficult to understand or solve.

Homogeneous Teams

Groups consisting of members with similar backgrounds, skills, and perspectives, which can lead to more harmonious operations but may lack diversity in thought.