In the Example of the Nike Running Shoe, We See

Multiple Choice

In the example of the Nike running shoe, we see that

A) selling costs account for over half of a shoe's retail price.
B) taxes account for one-quarter of the retail price of the shoes.
C) materials actually account for two-thirds of the retail price of the shoes.
D) raw materials costs are by far the largest component of the total costs of producing the shoes.
E) production costs exceed selling costs by a wide margin.