The clergy were the religious people of the Middle Ages. Following the pope, in order of rank, there were bishops, priests, monks and nuns. In the latter part of the Middle Ages, the pope, as head of the church, had much influence over the king and total control of the clergy.
The owner could advertise a sale and try to sell as many pairs of shoes as possible before the recession comes and prices fall even more. Then, when the recession hits a trough, the owner could use the money from this sale to expand the warehouse while costs are at their lowest point. The owner must be sure to plan for falling demand.
The Answer is A. I hope this helps you out.