Question

It is reasonable for a company's management team to abandon efforts to win contracts to supply private-label footwear to chain retailers in a given year when

Answer 1

When the benchmarking data in the most recent FIR shows that the majority of sellers of Private-Label footwear had a margin over direct costs per pair sold that was below $5, It Is reasonable for a company's management team to abandon efforts to win Contracts to supply private-label footwear to chain retailers in a given year.

What is private label and private label retail?

• A contract or third-party manufacturer creates a private label product, which is then marketed and sold by a retailer.
• The retailer, decide everything about the product, including what goes inside.
• How it is packaged, and how it looks on the label.
• Also pay to have it made and shipped to your store.

To know more about Private label check this out:

brainly.com/question/28154878

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