Q4. Discuss how COVID-19 pandemic affected the Business–Level-strategy of Aramco petrochemical division. Suggest ways by which this division may sustain its competitive position in future.
Answers
Answer:
Aramco Following years of discussions about a part of oil giant, Saudi Aramco went official nearly one year ago public, the company is up for trade and investors want in. On its second day at market, the company's valuation went up to 52 trillion--as predicted by Crown Prince Mohammed Bin Salman. The state owned, oil company was valued by critics at around $1.7 trillion prior to the company going public, but Saudi Aramce did indeed exceed expectations by over $300 billion USD The COVID-19 pandemic situation affected the demand for the oil market. The recent demand for sel weakened from COVID- 19. All major oil companies have taken a hit following the outburst of the pandemic. In fact, the mandatory world-wide lockdowns of many economies to contain the coronavirus limited travel within and between continents, weakened international trade and slumped down production in nearly all industrial economics and shake the balance between supply and demand of products. These repercussions reduced oil consumption which sent prices tumbling to levels not seen in nearly two decades. However, if the COVID-19 crisis accelerates, Aramco management of the oil market should shift from defending prices to battling for market share. In this scenario, since Aramco is already the world's largest single exporter of crude oil could provide some competitive advantage.
Answer:
mark the above answer as brainliest