answersLogoWhite

0


Best Answer

Limiting the supply of oil

User Avatar

Cristal Predovic

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What method does OPEC used to increase its profits?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why is kesari dal used as an adulterant in dals?

To increase profits


What is the definition of leaverage?

Used in investment and real estate as a method to increase profits with borrow money. A real estate investor uses leverage to profit from investing in renovated homes.


How are products differentals is used to try to increase profits?

Products differentials are used to try to increase profits in different ways. This is a strategy that is known as diversification whereby a supplier offers varied products to consumers which increases the chances of making sales and eventually profits.


Which steel tycoon used vertical intergration to increase profits?

Andrew Carnegie


What oil tycoon used horizontal integration to decrease costs and increase profits?

John D. Rockefeller


What method can be used to increase the rate of delivery of a rotary gear type pump?

increase the rpm


Why is the OPEC less powerfull now?

Opec controls significantly less of the worlds oil supply than it used to. As many countries that have discovered oil have not joined OPEC.


What spanish speaking country is a member of the OPEC?

Venezuela is a Spanish-speaking country that is a member of OPEC (Organization of the Petroleum Exporting Countries).


Are punch boards legal in the state of Georgia?

It depends on what they are used for and what the prize(s) consist of (i.e.: If used by a charity as a fund raiser- yes / If used by a bar owner to increase his profits - no).


What method of measurement is used to find the volume of an irregular solid?

The water displacement method is typically used to find the volume of an irregular solid. The object is submerged in a known amount of water, and the increase in water volume is measured. This increase in volume is equal to the volume of the irregular solid.


Which oil tycoon used horizontal integration to decrease costs and increase profits?

John D. Rockefeller


Which method may be used to move a line in a bulleted or numbered list to a different level?

increase shift