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Nike Has Come a Long Way from Its Humble Beginnings

question 40

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Nike has come a long way from its humble beginnings.It has been able to outperform adidas in sales and become the undisputed leader in the athletic shoe and apparel industry.Which of the following statements accurately explains one of the main reasons for Nike's success?


Definitions:

Fee

A charge or payment for a service, often imposed by a professional or official body.

Property Insurance

Insurance coverage that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.

Premiums

Payments made by individuals or businesses to insurance companies in exchange for coverage against specified risks.

Deductible

An amount of any loss that is to be paid by the insured.

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