Part 1 (1000 words) due end of week 8Select a business organisation (a multinational publicly listed...

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Part 1 (1000 words) due end of week 8Select a business organisation (a multinational publicly listed company) to assess, and analyse history, background, mission and vision, and identify major microeconomic problem(s). Apply a microeconomic concepts, framework, or model to assess their chosen organisation.	https://www.woodside.com.au/investors/reports-publications	https://www.woodside.com.au/media-centre/publications	Woodside Multinational Company	Selected product is oil - Use the most recent data	Please add creative sub headings in the report	PART I 	Selection of a Multinational Public CompanyCase study will be based on the study of a publicly listed multinational corporation. How the operations of corporation affected by global economic environment. How economics concept incorporated into decision making.	Description of CompanyDescribe what the company is about. What are the main products and market areas (national, international) etc.	Industry AnalysisIdentify market structure in which firm operates - perfect competition, monopoly, monopolistic competition or oligopoly, main competitors, large firms, concentration ratio etc. 	Apply Microeconomic Concepts.Select a product of the company and analyze the market for that product. Is firm a price maker or price taker? How firm makes production and pricing decision in the market to maximize profit.	Demand and Supply Analysis Identify the determinant of demand and supply for a particular product of the company. Write the functions of demand and supply in the following form and explain the economically interpretable relationships. 	Qd		= f(X1, X2, X3, X4		)	Qs		= f(X1, X2, X3, X4		)		Analyze why and in which way the demand and supply, equilibrium price and quantity are affected by the determinants of demand and supply for the subject product. 	Elasticity and Revenue Analyze the price, income, cross price elasticities of demand and elasticity of supply of the subject product. Estimate and explain the degree of elasticities and why? Explain how firm can increase profit utilizing the elasticity concept considering the market structure in which firm operates. It is required to discuss the determinants of the elasticity of demand and supply for the subject product. Assume that price elasticity of demand is elastic/inelastic (less than or greater than 1). Considering the market structure in which firm is operated, discuss the way of increasing profit of the company. 	Emerging markets and multinational companiesDiscuss the importance of emerging markets and business opportunities for expansion. How firms’ future profit will be affected by a proposed expansion to the emerging markets. What the firm will face in that markets (regulations, economic political, social and financial risks). What is the short-term and long-term profitability and benefit will be? Issues like, increasing market share, economies of scale, technological improvement, using cheap and skilled labour, being close facilities, are to be analyzed.	Structure of the Report Assignment (report) should include at least the following: • A cover pages • An executive summary • Table of contents • Introduction and conclusion • Tables, charts, photos • Appendixes: Attach relevant materials (chart, tables, reports et. Tables • References 	Referencing 			Harvard referencing		style is to be used in the assignment. Appropriately identify the sources where the information collected both in the body of the assignment and in the bibliography.	Add in text citations.		Marking criteria• Demonstrate thorough understanding of the relevant concepts.• Information from appropriate sources is integrated with analysis. Information is accurately referenced using Harvard System, including in text referencing if applicable.• Demonstrated ability to draw conclusions with appropriate justifications. Explanations are clear and concise.• Well formatted, minimal grammatical and spelling errors.Timely submission.

Bidusha · Accepted Answer

WOODSIDE MULTINATIONAL COMPANY
Executive Summary
This is an evaluation of Woodside Petroleum, an Australian-based oil and gas company, based on microeconomic principles, framework, or model. Woodside Petroleum Ltd. is the main or parent firm of the Woodside group of enterprises. It is expected that references for the entire year will be included in this report, with different concepts and frames being used to do so. This section provides an overview of WOODSIDE PETROLEUM's whole corporate structure. It's built to fulfil all compliance and governance standards and to make it simple to see how the company has performed in the market. As a publicly traded corporation, the firm is listed on the Australian Securities Exchange. The business sells petroleum products, including LNG and crude oil. The firm is the largest in Australia by market value at $28.58 billion and one of the world's major oil companies. Other oil firms, such as Santos, Shell Australia, and Exxon Mobil, are close behind it in the market.
Table of Contents
Introduction	4
Selection of a Multinational Public Company	4
Description of Company	4
Industry Analysis	5
Apply Microeconomic Concepts.	5
PESTEL Analysis	5
Demand and Supply Analysis	7
Elasticity and Revenue	8
Emerging Markets and Multinational Companies	9
Conclusion	9
References	10
Appendices	11
Introduction
Woodside is the world's largest independent oil and gas producer. It's an Australian non-profit. This is the firm recognized for its world-class abilities as an energy explorer, developer, producer, and supplier. An important goal is regaining our position as a global oil and gas leader by providing the highest shareholder returns possible. The safety, durability, and efficiency of Woodside's goods have made them a household name. Liquefied natural gas, or LNG, is a term that refers to the liquid form of natural gas. They supply 8% of the world's LNG needs. Because they have a low-cost energy provider technique and a long-term business plan, they are a good fit. We help emerging markets have access to low-cost energy. They believe that in order to reduce costs and open up future development, innovation and development are critical. Organizations are now leading the way in remote assistance, automated thinking, and more scrutiny of our work. Woodside understands that maintaining long-term and significant relationships with organizations is critical to maintaining our permission to operate, therefore we strive to create ties that benefit everyone. Solid well-being and ecological execution in all areas are displayed by Woodside as being dynamic and focused on preserving our traits of trustworthiness, respect, working sensibly and training.
Selection of a Multinational Public Company
A locally-owned and publicly traded corporation, Woodside Petroleum Ltd is a multinational public company that makes money through hydrocarbon exploration, evaluation, development, production, and marketing. In Australia, the firm trades under the symbol WPL. Through: continuous improvement, resources located near growth markets, cost-consciousness, and the delivery of products and services through innovation in technology or diverse goods, they aim to retain their competitive edge.
Description of Company
Perth, Western Australia-based firm employs around 3,700 employees. It works in 15 countries across the world and is headquartered there. Woodside Petroleum Ltd. is a petroleum exploration and production business based in Australia that was founded in 1989. Woodside is Australia's biggest independent oil and gas business and the country's largest oil and gas producer. Perth, Western Australia's headquarters, is a publicly traded business on the Australian Securities Exchange. Woodside Petroleum was rated as the 1328th largest public business in the world in the 2020 Forbes Global 2000 (Anderson, 2021). 
Petroleum and LNG are the company's major products. Besides Australia, Woodside has exploration, development and operations in Canada, the United States, Senegal and South Korea. It also has operations in New Zealand and Myanmar, as well as in the countries of Gabon, Morocco, the Republic of the Congo, and Ireland. Several liquefied natural gas (LNG) projects are being developed or operated by Woodside in Australia. As well, Exmouth, Western Australia's Enfield and Vincent oil fields are operated by the firm.

Part XXXXXXXXXXwords) due end of week 8 Select a business organisation (a multinational publicly listed company) to assess, and analyse history, background, mission and vision, and identify major...

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