What Was The Immediate Goal Of The Standard Oil Company When It Lowered Prices?

What Was The Immediate Goal Of The Standard Oil Company When It Lowered Prices? The correct answer to number 1 is to outcompete rival businesses. By lowering prices, Standard Oil Company ensured that citizens and other companies bought their product. This resulted in decreased competition, as other businesses could not compete with their low prices.

Why Is Venezuela So Poor?

Why Is Venezuela So Poor? The crisis intensified under the Maduro government, growing more severe as a result of low oil prices in early 2015, and a drop in Venezuela’s oil production from lack of maintenance and investment. … Most observes cite anti-democratic governance, corruption, and mismanagement of the economy as causes of the crisis.

Does Hyundai Recommend Synthetic Oil?

Does Hyundai Recommend Synthetic Oil? Synthetic oil can last up to 10,000 miles before it needs changing, whereas conventional oil only lasts from 3,000 to 5,000 miles before it needs to be replaced. For us, the Hyundai Elantra recommended oil is definitely the synthetic kind, as this benefits drivers far more than conventional oil. What