Shein: The Economics and Controversies

What year did Shein make its debut in the U.S. market?

• 2010

• 2015

• 2020

• 2023

How does Shein initially test the popularity of new designs?

• By producing 10,000 units of each product

• By producing 100 to 200 units of each product

• By offering discounts on new products

• By conducting surveys

What is the inventory turnover rate for Shein according to the Boston Consulting Group report?

• 20 days

• 50 days

• 30 days

• 40 days

What is one of the main reasons Shein can keep its prices so low?

• Expensive marketing campaigns

• Cheap labor in China

• High-quality materials

• Large production batches

What percentage of Shein's contracted manufacturers were accounted for in the Wall Street Journal's calculations?

• 25%

• 36%

• 50%

• 75%

What tax exemption does Shein take advantage of to keep prices low?

• Corporate tax exemption

• De minimis tax rule

• Sales tax exemption

• Import tax exemption

What action has Shein taken to improve its image amidst environmental and labor criticisms?

• Increased product prices

• Stopped using third-party manufacturers

• Reduced production volume

• Moved headquarters to Singapore

Which region's cotton sourcing is under investigation in relation to Shein's labor practices?

• Guangdong

• Xinjiang

• Shanghai

• Beijing