It is March 1 today. A firm is planning on selling a commodity 8 months from now on November 1. The firm enters into a December futures contract on March 1 to hedge the sale of the commodity on November 1. It closed out its position on November 1. On March 1 the price of the commodity is $1,001 and the December futures price is $1,013. On November 1 the price is $979 and the December futures price is $983. What is the effective price (after taking account of the hedge) received by the company for the commodity

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration