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Discussion: Opportunity Cost by ExxonMobil ExxonMobil is one of the leading corporations in the global petroleum industry. It has been able to operate in all the continents globally, and this has led to it becoming a trusted manufacturer and supplier of petroleum and petroleum-related products. The recent changes in oil prices have made oil processing and shipping companies with ExxonMobil being one of these companies. The leading cause of these events is due to the inability of oil producers to stem their competition for the market share. In as much as ExxonMobil was suffering from this state of affairs, the company has been able to sustain its activities because of as solid cash flow and also the presence of a strong market (Butler, 2017). All these activities were not sustainable, and therefore the company had to set a scale of preferences on the best options to take to retain and also expand the market share. There were three options presented to the company. One was to lower the p...
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