Asked by Taylor Mccullough on May 17, 2024
Verified
When you buy a pair of Nike shoes endorsed by Michael Jordan, which of the following accounts for the largest share of the purchase price?
A) materials
B) workers' wages
C) workers' health benefits
D) Jordan's endorsement fee
Purchase Price
Purchase Price is the amount of money paid to acquire a good, service, or property.
Nike Shoes
Brand of athletic footwear and apparel designed and marketed by the American multinational corporation Nike, known for its innovative design and cultural impact.
- Recognize the significance of endorsements and branding in the valuation of products.
Verified Answer
SH
shernoda harrisMay 23, 2024
Final Answer :
D
Explanation :
Jordan's endorsement fee accounts for a significant portion of the cost of Nike shoes endorsed by him, reflecting the value of his brand and the impact of celebrity endorsements on product pricing.
Learning Objectives
- Recognize the significance of endorsements and branding in the valuation of products.