Video The Sages family business story

In 1954, what did Thomas Sage open in his hometown?

• A clothing store

• A supermarket

• A bakery

• A grocery shop

What was Thomas Sage's primary focus in his grocery shop business?

• High-end products

• Fast service

• Quality food at a good price

• Imported goods

How did Thomas Sage initially source fresh fruits and vegetables for his grocery shop?

• Through international imports

• From his family's farm

• He bought them from other local grocery stores

• He built relationships with local farmers

What motivated Thomas Sage to open more grocery shops in different parts of town?

• High demand and good relationships with farmers

• Competition from other grocery stores

• A desire for more profits

• To experiment with new products

What type of business did Thomas Sage decide to open after learning from the first supermarkets in the US and Europe?

• A restaurant

• A bakery

• A clothing store

• A supermarket

How did Thomas Sage fund the expansion of his supermarket business?

• He used his personal savings

• He sought capital from family and friends

• He received government grants

• He took out multiple bank loans

What percentage of the company's shares did Thomas Sage give to each of his children when they joined the business?

• 10%

• 25%

• 5%

• 50%

Who replaced David Senior on the board of directors after his passing in 2004?

• Timothy

• Caroline

• Jim

• Lucy

What was Timothy's younger son, Peter, involved in during the story?

• Managing a growing number of stores

• Selling high-quality wines on the Internet

• Leading the consumer credit division

• Serving on the board of directors

What issue was the company facing that prompted the need for urgent reflection on strategy and board effectiveness?

• Declining sales

• A lack of family interest in the business

• Slow adaptation to market conditions

• Financial insolvency