Liquidation Sale at Langhorn PA

Liquidation Sale at Langhorn PA

Assessment

Interactive Video

Business

6th - 10th Grade

Hard

Created by

Mia Campbell

FREE Resource

The video announces the closure of a 100,000 sq ft outlet in Langhorn, PA, with a few days left to liquidate $10 million worth of brand new furniture, mattresses, and Oriental rugs. Prices are drastically reduced to 10 cents on the dollar as the store must be emptied completely. The urgency is emphasized due to the landlord's demand for an empty building.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for the urgent sale at the Langhorn outlet?

The store is relocating to a new location.

The store is expanding its inventory.

The store is undergoing renovations.

The store is closing permanently.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the total value of the inventory that needs to be liquidated?

$1 million

$20 million

$5 million

$10 million

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the discount rate being offered during the sale?

25 cents on the dollar

50 cents on the dollar

10 cents on the dollar

75 cents on the dollar

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the landlord's requirement for the building?

To be repainted

To be emptied of all furniture

To be expanded

To be renovated

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fate of the Langhorn outlet after the sale?

It will be temporarily closed.

It will be permanently closed.

It will be converted into a warehouse.

It will be relocated.