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.What is DeFeet's most likely target market strategy?
Effective Interest Rate
The actual return on an investment, taking into account the effect of compounding interest as opposed to the nominal rate.
Contract Interest Rate
The interest rate specified in a loan agreement or contract, typically fixed for the life of the loan.
Face Value
The nominal value or dollar value of a security stated by the issuer, also known as par value, especially relevant for bonds and stock certificates.
Market Rate
The prevailing interest rate available in the marketplace on investments or loans, subject to changes based on supply and demand and economic conditions.
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