Which of the following statements about Nike are correct?
(A) Nike grew enormously from its inception in the 1960s.
(B) Nike grew as an exporter of shoes.
(C) In the 1960s, Nike shoes were made in Japan.
(D) Only four US factories ever made shoes for Nike.
(E) Since the 1990s, Nike shoes have been produced in India.
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → A, C and E only
(A) Nike grew enormously from its inception in the 1960s. — Correct. Nike was set up in the 1960s and grew enormously from then into a transnational corporation.
(B) Nike grew as an exporter of shoes. — Incorrect. Nike grew as an importer of shoes. Its founder Phil Knight brought in shoes from Japan and sold them at athletics meetings.
(C) In the 1960s, Nike shoes were made in Japan. — Correct. In the 1960s Nike shoes were made in Japan. Production later shifted to South Korea as costs rose.
(D) Only four US factories ever made shoes for Nike. — Incorrect. Only two US factories ever made shoes for Nike. The company has relied mostly on factories abroad, where labour is cheaper.
(E) Since the 1990s, Nike shoes have been produced in India. — Correct. Since the 1990s Nike shoes have been produced in India, one of the later centres in its move to cheaper labour.
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