1. Mobil’s plastics business was worth more to Tenneco because it more closely fit their corporate strategy of product development and market expansion. Tenneco is very focused on global expansion and Mobil’s plastics division provided them with products that lend themselves well to international trade. Tenneco’s additions to their product lines in various markets prove that they are truly committed to international expansion and Mobil’s plastics industry is an integral part of …showed first 75 words of 242 total…

…showed last 75 words of 242 total…This movement away from the North American market also helps relieve some of the strain of competition that exists in the older, more developed markets. 3. The primary types of corporate strategy being employed by Tenneco in their newer ventures are market expansion and diversification. This is most clearly seen in the efforts of Tenneco in South America where they are capturing the increase in demand for natural gas in countries such as Chile and Brazil.