Business Turnaround: A Kitchen Supply Store's Journey

Business Turnaround: A Kitchen Supply Store's Journey

11th Grade

10 Qs

quiz-placeholder

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Business Turnaround: A Kitchen Supply Store's Journey

Business Turnaround: A Kitchen Supply Store's Journey

Assessment

Interactive Video

Business

11th Grade

Practice Problem

Hard

Created by

Patrick Rady

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main issue causing the kitchen supply store to struggle?

The location of the store

Howie's reckless spending and careless merchandising

Lack of customer interest

Poor quality of products

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does Marcus Lemonis play in the episode?

A competitor

An investor looking to take control

A business consultant

A new customer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the condition Marcus put forward for his investment?

He would be the sole decision-maker

He demanded the store to relocate

He required a 50% share of the business

He would replace Howie as the manager

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the team plan to improve the store's profitability?

By expanding the store size

Liquidating old inventory and introducing new departments

Lowering the prices of all products

Focusing solely on knife sales

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Howie's attitude towards the business turnaround efforts?

Excited and overly ambitious

Reluctant and often absent

Fully cooperative and proactive

Indifferent and passive

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy was used to deal with old inventory?

Liquidation sale

Donating it to charity

Storing it for future use

Returning it to suppliers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant change occurs by the end of the episode?

Howie leaves the business

A successful renovation and renewed optimism for the future

The store closes down

Marcus withdraws his investment

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