DeFeet InternationalDeFeet 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. DeFeet's _____ is what its customers give up to obtain their apparel.

A. product strategy
B. place strategy
C. price strategy
D. promotion strategy
E. positioning strategy


Answer: C

Business

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The following income statement was drawn from the income statement of Gibbons Company for its first year of operations:    Cash revenue$60,000 Depreciation expense 20,000 Accrued interest expense 6,000 Cash operating expense 24,000 Operating income 10,000 Gain on the sale of equipment 1,200 Net income$11,200  Using the direct method, the net cash flow from operating activities equals:

A. $26,000. B. $24,800. C. $36,000. D. $37,200.

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_________ seeking analysis could answer the question "How many customers are required to purchase our new product line to increase gross profits to $5 million?"

Fill in the blank(s) with the appropriate word(s).

Business