Examlex
DeFeet International started as a cyclist sock company.The founder,Shane Cooper,said that the existing socks for cyclists were just not of great quality so he made socks for his cycling team by knitting them inside out.The socks were of special materials aimed at giving the cyclist the most comfortable fit.These socks were not the traditional white socks but bright,bold,and flashy colored socks with cool graphics.These high tech socks were priced around $10 a pair.Their web site says "DeFeet is Made for Driven Soles." Soon cycling elites like Lance Armstrong and Greg LeMond were sporting the DeFeet brand.The company branched into running,hiking and snow gear.Their products include socks,armskins,calfskins,boxer briefs,gloves,and shirts for the serious athlete.They also have a custom department where socks,armskins,and gloves can be customized with any motif including sponsor types of logos like Michelin,Pabst Blue Ribbon,or BP.Even kids can enjoy DeFeet's high quality socks.DeFeet's products can be found in retailers across the world,in more than twenty countries,like Israel,Australia,Belgium and the United States.More than two-dozen online retailers also carry their products.
-Refer to DeFeet International.If you were to define DeFeet's mission which would be most appropriate?
Monopolizing
involves the domination of a market by a single producer or company, reducing competition and potentially controlling prices and supply in that market.
Abusive Means
Practices or methods that are harmful, manipulative, or intended to exploit or oppress individuals or groups.
Herfindahl Index
A measure of market concentration that calculates the sum of the squares of the market shares of the firms within an industry, used to assess the competition level.
Market Shares
The percentage of an industry's sales that a particular company controls.
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