Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 . The oil industry is characterised by high capital investment and fixed costs, storage, refinery and transport costs and demand dependent on the global
The oil industry is characterised by high capital investment and fixed costs, storage, refinery and transport costs and demand dependent on the global economy.
Using PESTEL as your template, explain why the oil industry needs to constantly monitor the external environment
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started