BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shoes Inc. has their main factory for distribution in the U.S.A, they also only sell their products in the U.S.A. What type of business does Shoe Inc. do?
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Global
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Private
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Industry
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Domestic
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Explanation:
Detailed explanation-1: -Question: The sport shoes industry is an oligopoly market. If Nike cuts the product price, how will Adidas react? In contrast, if Nike raises the product price, what will Adidas do?
Detailed explanation-2: -For years now, Nike has held the largest share of the U.S. footwear market by far, and in 2020, the company accounted for a turnover of about 37 billion U.S. dollars.
Detailed explanation-3: -Almost all Nike shoes are manufactured outside of the United States. The leading manufacturer of Nike shoes is China and Vietnam each accounting for 36% of the total manufactured world wide. Indonesia accounts for 22% and Thailand for 6% of the Nike shoes that are being produced world wide.
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