Buy custom THE CURRENT ENERGY MARKET AND LINKS BETWEEN ENERGY PRICE AND BUSINESS PROSPERITY
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1094 |
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Farmers rely heavily on oil for fertilizers, pesticides and for the machinery used on modern farms. The manufacturing industries need oil for the machinery used in production. The service industries depend highly on energy in order to give customers good services e.g. the transport companies. If the cost of energy is high, it forces businesses to increase the price of their product/services on the other hand; they might not increase their price because of the fear of loosing their customers to their competitors...
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the transport companies. If the cost of energy is high, it forces businesses to increase the price of their product/services on the other hand; they might not increase their price because of the fear of loosing their customers to their competitors. Customers want the product with the cheapest price which forces businesses to keep their price the same with their competitors or lower...
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