1. You owe $2,500 on your credit card. If they charge 16.44% compounded monthly and you want to pay off your debt in 3 years, how much must you pay each month?
2. How does a traditional adversarial relationship with suppliers change when a firm makes a decision to move to a few suppliers? Why is it important to establish good supplier relationships in the current business climate?
3. List and describe typical external disruptions to the supply chains. What steps would you recommend to minimize these disruptions?