Question: Identify whether each of the following transactions involves spot exchange, contract, or vertical integration. a. Barnacle, Inc., has a legal obligation to purchase 2 tons

Identify whether each of the following transactions involves spot exchange, contract, or vertical integration.
a. Barnacle, Inc., has a legal obligation to purchase 2 tons of structural steel per week to manufacture conveyor frames.
b. Exxon-Mobil uses the oil extracted from its wells to produce raw polypropylene, a type of plastic.
c. Boat Lifts R Us purchases generic AC motors from a local distributor.
d. Kaspar Construction—a home-building contractor—purchases 50 pounds of nails from the local Home Depot.

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