Why is knowing this important?

Let me tell you why you want to know this kind of information. Let’s say that when you graduate, you can’t find a job. So you decide to open a small business – it will be a running and outdoor shoe store for men. You like the outdoors and an exercise business will fit your interests.

You find a location. However, you need stock. You borrow from your Dad enough money to buy 1000 pairs of shoes. To make life easy for this example, let’s say we forget about different styles, different widths and half sizes.