What happens to unsold sneakers?

What happens to unsold sneakers? If the store is big enough or has a very strong relationship with their vendor, the vendor might take unsold goods back. Often, that’s rare. Usually, the items are marked down until they’re gone. In the case that the store doesn’t sell them, people called jobbers or deep discount stores […]

What are three types of efficiency?

What are three types of efficiency? Economists usually distinguish between three types of efficiency: allocative efficiency; productive efficiency; and dynamic efficiency. How do you calculate output efficiency? Mathematical expression Efficiency is often measured as the ratio of useful output to total input, which can be expressed with the mathematical formula r=P/C, where P is the […]

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