The primary purpose of a business strategy is to ________.

A) advance the firm's vision and objectives
B) oversee the firm's core competencies
C) establish an international brand
D) eliminate competing companies

With regard to a futures contract, the long position is held by

A) the trader who bought the contract at the largest discount.
B) the trader who has to travel the farthest distance to deliver the commodity.
C) the trader who plans to hold the contract open for the lengthiest time period.
D) the trader who commits to purchasing the commodity on the delivery date.
E) the trader who commits to delivering the commodity on the delivery date.