|Directions: Read the following passage and answer the questions.
The company Nike, Inc. started with sports shoes and is now a major player in about every aspect of sports and sports related equipment. The company is named after the Greek goddess Nike meaning 'victory'.
In 1962, Bill Bowerman, a track coach at The University of Oregon, and Phil Knight, an accounting student and middle-distance runner had the dream of bringing low-priced, high-tech athletic shoes from Japan to the U.S. At that time German shoes dominated the industry. That year, after entering business together, shoes from Onitsuka Tiger were sold in the U.S. by Blue Ribbon Sports (BRS).
In 1965, Jeff Johnson, a former rival on the track of Knight's, joined as the company's first full-time salesman. He was busy selling shoes out of the back of his van to High Schoolers at track meets. Then in 1966, Johnson opened the company's first retail outlet in California.
Bowerman's desire to improve on Tiger's designs, and Knight's drive to do more, landed them with a new direction. Johnson gave this new company the name Nike and Bowerman gave them new designs. Within thirty years time Nike became a leader in the sports and fitness industry. Here are some of the important milestones in the history of this company: