Multiple Choice
A cotton farmer produces raw cotton, which it can sell to a processor at a price of \$2. The processor weaves the cotton into fabric and sells it for \$3. A clothing company purchases the fabric and creates a crappy t-shirt, which it can sell for \$7. Urban Outfitters buys crappy t-shirts and resells them for \$45. What is the value added by the clothing company?
556
views
1
rank