Τίτλος σε άλλη γλώσσα: Competition and Price Wars in the Oil Industry and their Impact on the Global Economy [Αγγλική] Ημερομηνία: 16-05-2021 [2021-05-16] Συγγραφέας: Σταθουδάκη, Δέσποινα Μαρία Σχολή: Σχολή Κοινωνικών Επιστημών Τμήμα: Διοίκηση Επιχειρήσεων (MBA) Περίληψη (Abstract): Price wars are not a new phenomenon. The history suggests that their practice emerges in many industries, including the oil industry. They constitute a phenomenon in which a competitor lowers its oil price, having as a result the other competitors to have to follow this action. Their difference to price competition is that price wars end with the death of the market. Usually, the initiators of pri...