Which of the following events forced a major re-examination of corporate strategies in the 1970s?
A) a recession triggered by a massive increase in the price of crude oil
B) the Yom Kippur war of 1973 in the Middle East
C) major economic slowdown as a consequence of the end of the Vietnam War
D) high inflation associated to a strong growth in the global economy
E) the collapse of oil prices resulting from dramatic economic slowdown

Question

Quizplus · Accepted Answer

The recession triggered by a massive increase in the price of crude oil in the 1970s (known as the oil crisis) forced a major re-examination of corporate strategies as it significantly impacted business operations and profitability. Companies were forced to adapt to high oil prices, shortages, and disruptions to supply chains, leading to a transformation in global business practices.

Which of the Following Events Forced a Major Re-Examination of Corporate