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Question
Of all the processes involved in the making of a shoe and its sale in the market, who gets the highest share of profits ?
Of all the processes involved in the making of a shoe and its sale in the market, who gets the highest share of profits ?
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Solution
The correct option is C Shoe factory owner
In the process of making of a shoe, everyone's contribution is equally important. However, the profits earned from the sale of a shoe is not equally divided. The shoe factory owner gets the highest share most of the times. The part of supply chain with the closest link with the end customer nets the biggest slice of the profit pie. The power and influence that they hold help them to decide the price of leather.
In the process of making of a shoe, everyone's contribution is equally important. However, the profits earned from the sale of a shoe is not equally divided. The shoe factory owner gets the highest share most of the times. The part of supply chain with the closest link with the end customer nets the biggest slice of the profit pie. The power and influence that they hold help them to decide the price of leather.
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