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How would accounting for total cost impact clothing prices

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Question: As is evident from the documentary, the price of jeans and other clothing (as well as shoes and accessories) is not representative of the total cost. What is the distinction between cost and price and what needs to be accounted for in the price of clothing to reflect the total cost? How would accounting for the total cost impact clothing prices? How would companies respond if they were responsible for the total cost of the products they produce?

Reference no: EM133574095

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