Which of the following includes all the activities necessary to convert raw materials into a good or service and put it in the hands of the consumer or business customer?

________ is defined as a bargained-for exchange of promises in which a legal detriment is suffered by the promisee

A) Acceptance B) Garnishment C) Consideration D) Restatement

Which of the following would most likely be reduced by vertical integration?

A) export tariffs B) component prices C) product returns D) transaction costs