Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the cost of cotton in the t-shirt example?
💡 Hint: It's the cost of the raw material.
Question 2
Easy
How much profit does the retailer make on each t-shirt?
💡 Hint: Look at the retail price minus other costs.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the total cost to produce a t-shirt without retail markup?
- $2.00
- $2.50
- $3.00
💡 Hint: Consider each cost component excluding the retail markup.
Question 2
True or False: The majority of the retail price of a t-shirt goes to workers.
- True
- False
💡 Hint: Think about the profit margins.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Critique the economic framework of fast fashion based on the t-shirt's cost breakdown. How does this impact local economies?
💡 Hint: Consider where competition leads local businesses.
Question 2
If labor costs were increased by 50%, how would this affect the retail price of the t-shirt? Analyze the implications for consumers and businesses.
💡 Hint: Use the current labor cost as a basis for calculation.
Challenge and get performance evaluation