Question

Which group is an example of a commodity organization? european union world trade organization north american free trade agreement organization of petroleum exporting countr?

Answer 1

Answer:

Organization of Petroleum Exporting Countries

Explanation:

Commodities are products that function as raw materials, produced in scale and that can be stored without loss of quality, such as oil, frozen orange juice, coffee, soy and gold. In this way its price is determined by the world market as a consequence of supply and demand, and not by the company that produces it, since its "brand" does not matter as much.

Answer 2

The group that is considered to be a commodity organization is the organization of petroleum exporting countries.

What does OPEC do?

OPEC was founded by nations that produce and sell oil to other nations as a means to control the price of that oil.

This makes them a commodity organization because they were founded on the basis of a commodity which is crude oil.

Find out more on OPEC at https://brainly.com/question/26412451.

#SPJ5