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The Price of a Barrel of Oil Has Varied Dramatically

Question 52

Multiple Choice

The price of a barrel of oil has varied dramatically in the last few years.When the price of oil is high, automobile drivers look to find ways to drive less.An examination of this issue would be in the ____________ section of the marketing plan.


A) Bargaining powers of buyers
B) Bargaining power of suppliers
C) Threat of new entrants
D) Threat of substitute products
E) Rivalry among existing firms

Correct Answer:

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