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The industry itself is basically elastic. As the economy goes down so
do sneaker prices, when the economy is on the rise, sneaker prices skyrocket.
Nike has been able to sustain a competitive advantage since their first year.
They have established their name through advertisements and quality. The
name Nike is known worldwide, so are Adidas and Reebok...
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The
name Nike is known worldwide, so are Adidas and Reebok. These firms have
created a link between a solid product and a solid company. Consumers trust
the products that these three companies sell, that is why they are able to
charge the prices that they do. Consumers are not just buying the shoe, they
are also investing in the label...
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General points of the essay
home-based sneaker business
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