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Nike has announced its most expensive shoe ever -- the LeBron X basketball shoes, expected to sell for $315 -- pushing the upper limit of consumer dedication to the brand. The sneaker features built-in electronics that measure athletic performance. The president of the National Urban League urged Nike to abandon the pricy shoe saying, "It's the consumer's choice, but it's insensitive to market a $300 shoe to kids going back to school and struggling to buy school supplies." The original news report about the introduction of the Nike LeBron X shoes is no longer available on YouTube, so I have substituted information from the introduction of the shoes. It reveals that Nike has discounted the originally-priced shoe from $315 to $180, and then says the original shoe will be also available. In reality, the $180 shoe does not include the chip technology of the $315 version, so the $180 shoe is different and is NOT a discount from the original. Rather, it is a lower-priced substitute that doesn't include the chip to measure performance.
The price on most of its other shoes are also rising 5-10% due to material cost increases. Nike's gross margins are lower than most of its competitors.
The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.
Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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