Price of oil in international markets has dropped stunningly 60% in the past twelve months. among the factors mentioned behind this drastic fall is the millions of barrels of oil produced in us called shale oil. look at the supply and demand picture for this commodity and try to analyze its price action. discuss the impact of price elasticity of supply and demand in short and long terms.

Your take on decision making process

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above