Why do some students take out private loans when they are eligible for federal student loans at much lower interest rates?
a. private loans have much lower fees.
b. they are probably not aware of the rate difference and of their eligibility for the federal loans.
c. private loans don't have to be repaid for 10 years.
d. private loans favor students with very low incomes.

You receive a memo from the vice president of procurement responding to your query. he writes: “it will be very important to maintain product continuity. we have a large base of devoted customers. we want to make sure that the quality and key characteristics of island knight stay the same through this transition. talk to frank, our consulting professional perfumer, for more information about the cologne. seasonal variations in costs are the single most significant factor in our deciding to go with another supplier, so finding a way to limit that should be the top priority. the overall marginal costs and shipping costs are probably somewhat less significant. you may want to talk to cindy, the product manager for island knight, regarding pricing information about the product.” what is the best action to take next?