Business strategy concerns Group of answer choices strengthening the company's market position and building competitive advantage. selecting a business model to use in pursuing business objectives. selecting a set of financial and strategic objectives for a particular line of business. ensuring consistency in strategic approach among the businesses of a diversified company.

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?