look at BHP Billiton a mining company, which operates in the oligopolistic market in Australia. The emphasis would be to use the tools of economic analysis to illustrate how a current domestic Australian government policy could affect the business and its competitiveness. Dunning (2014) explains oligopoly as a market situation where there are only a few number of sellers and large number of buyers. This can result in reduced competition and higher prices for consumers. The chosen business is BHP Billiton
One of the biggest competitors for BHP Billiton is Rio Tinto who also is in the same industry along with BHP Billiton. Strategically, BHP Billiton has planned to own and operate, large, long-life, low-cost, expandable, upstream assets diversified by commodity, geography and market. Their Strategy has stayed the same for over a decade as it
BHP Billiton, which is known to be one of the world’s largest resource groups dealing in mineral exploration and production. The company has marked a distinction due to its deep inventory o f growth projects, quality of assets, focused-marketing and diversified markets across the countries. The operating assets have been grouped into customer sector including diamonds, petroleum, aluminium, iron ore, base metal and energy coal. Understanding all the argot of the financial market that migrates in