Strayer BUS 520 Week 6 Assignment 3

1. Explain one possible option that Marathon could take to reduce the time involved in the production process.

2. Discuss the relationship between the retail price of gasoline and the price of crude oil.

3. Explain what Marathon could do to keep the price at the pump the same without losing profits if the price of crude increased 10%.

4. In June 2010, President Obama imposed a six month deep water drilling moratorium. If the US government prohibits deep water drilling off the US coast, discuss how the US oil companies can remain competitive in the US market when over 35% of crude oil is currently sourced from domestic deep water drilling.

 

 

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