NIKE $10$K $-$ In the Risk Factor section of the $10$K read the paragraph entitled $$Failure to accurately forecast consumer demand could lead to excess inventories or inventory shortages.$$

Identify which risk factor was not specifically mentioned?

Group of answer choices

Inventory levels in excess of demand may result in inventory write$-$downs.

Sale of excess inventory at discounted prices could significantly impair brand image.

Inventory selection that does not match customer demand could reduce total sales.

If consumer demand is underestimated then we may experience inventory shortages.