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Essay

The Economic Impact of Rising Oil Prices in Automotive Industry

Essay specific features

 

Issue:

Business

 

Written by:

Betty T

 

Date added:

September 9, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

7 / 1701

 

Was viewed:

7686 times

 

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Essay content:

Thus, when the price of the oil rises, it clearly concerns the auto industry because the companies are competing with each other to meet the new demands for more fuel efficient consumer conscious at reduced price. There is no doubt that it is affecting the profit margin of the company. Moreover, increase oil price is also affecting the type of vehicles demanded by the customer and the way those vehicles are designed...
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Moreover, increase oil price is also affecting the type of vehicles demanded by the customer and the way those vehicles are designed. The demand of oil and the difficulties in oil refineries is the major cause for the increased oil price. Oil is used mainly for two purposes: Firstly, to make the gasoline and secondly in tire production...
displayed 300 characters

General issues of this essay:
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