Based on the industry-low, industry-average, and industry-high values that appear on p. 7 of each issue of the FIRwhich one of the following would correctly indicate that one or more elements of your company's costs are too high compared to those rival companies ?

-Your company's marketing expenses per pair sold in both the Internet and Wholesale branded footwear segments in the Europe -Africa region are about 10 % above the industry average

-Your company's distribution and warehouse costs per pair sold are less than 20 % below the industry average in the Asia -Pacific region

-Your company's operating profit per branded pair sold in the Wholesale segment in the North America region is only 10 % above the industry average

-Your company's operating profit per pair sold in the Wholesale segment of the Asia -Pacific region is below the operating profit margin in the Internet segment of the Asia -Pacific region Your company's operating profit margin in the Wholesale segment of the North America region is only 5% above the industry low