Buy custom The Economic Impact of Rising Oil Prices in Automotive Industry
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1701 |
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But in early 1979 when OPEC suddenly increases the price of the oil, consumers reacted by shifting towards small, fuel efficient cars. The “Big Three†and other small car companies could not keep up with the demands. So, people shifted towards the small fuel efficient imported vehicles. Today, “Big Three†only produce 60% of all automobiles and light truck sold in the United States (Abernathy and Clark)...
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So, people shifted towards the small fuel efficient imported vehicles. Today, “Big Three†only produce 60% of all automobiles and light truck sold in the United States (Abernathy and Clark). These changes have had major effect on the structure and location of the US motor industry. Though “Big Three†still dominate the market, other foreign companies are also on their way in this class...
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General points of the essay
Crude Oil and Prices: OPEC needs to be shut down!
Economic Theory Suggests that Markets are Efficient and Security Prices are Determined on the Basis of Fundamental Value
rising gas prices
The Economic Impact of Rising Oil Prices in Automotive Industry
The Economic Impact of Rising Oil Prices
The Impact Of Ethics In Rising Gas Prices
The Impact Of Rising Oil Prices On The South African Economy In Relation To The Demand And Supply Of New Motor Vehicles
Fuel Efficient cars
Automotive Industry/ Economic Theory
Diesel Fuel Prices & Trucking Industry
Rising Costs of Fuel
Why Gas Prices Are Rising
Automotive Fuel Vehicles
fuel efficient car
The Social Effect of Rising Gas Prices on The Lower Class, and Small Business Owners
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