Answer:
b. Consolidate all credit cards onto a single card with a single interest rate.
Explanation:
When a debt payment plan is initiated then, it is decided according to the outstanding amounts, that which shall be paid first and the order of payment for remaining debts.
For this monthly income and expenses are to be evaluated, in order to decide how much payment shall be made accordingly, in each month.
But this entire process do not involve the step of aggregating all the cards so that there is only one card with the same payment. There is no relation to any such payment.
Answer: Radial Autos should pursue Backward Integration.
Explanation: Backward integration is the process in which a company purchases or internally produces segments of its own supply chain. Simply put, it is when a company acquires and controls certain inputs that could be utilized in the process of manufacturing its products or services.
This is a competitive strategy, because it lowers the cost of production and this will reflect in the price of the final product.
This is the strategy that Radial Autos should pursue in order to lower cost and reduce risk in interruption of the supply component, because in adopting this strategy, they will have total control over the inputs they use in production.
The free market<span> is
defined as the system in which the price of goods is agreed upon by
consent between sellers and consumers, through the laws of supply and demand.
Their requirements are the existence of free competition, (which in turn requires that among the participants
of a commercial transaction there is no coercion, no fraud, or more generally,
that all transactions are voluntary), c</span>omplete universal information about the products and their prices,
a free medium of exchange with a common currency, reasonable transaction costs,
set of sellers and a set of buyers.
