U.S. Retail Sales Stall, Can They Be Jump Started?

U.S. Retail Sales Stall, Can They Be Jump Started?

Assessment

Interactive Video

Business

University

Hard

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Quizizz Content

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The video discusses the state of retail companies, focusing on losses, improvements, and challenges. It highlights the importance of customer experience and the impact of the Internet on retail. The discussion includes Macy's strategy, leadership changes, and store closures. It also covers Walmart's acquisition of Jet.com and its potential benefits.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main challenges faced by retail companies according to the first section?

High employee turnover

Excessive store expansions

Declining sales and internet impact

Lack of product variety

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common misconception about the challenges faced by retail companies?

They are caused by high employee turnover

They are due to excessive store expansions

They are solely due to the internet

They are because of poor product quality

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are millennials affecting the retail industry?

They prefer shopping in physical stores

They mature and marry later, changing their needs

They are more loyal to brands

They are less price-sensitive

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is crucial for a store to attract customers, as mentioned in the third section?

Offering the lowest prices

Having a large number of stores

Creating an inspiring and exciting experience

Providing free Wi-Fi

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategic move did Macy's make to adapt to the retail changes?

Opening more stores

Closing 100 stores

Increasing product prices

Hiring more staff

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is leadership important in the strategic decisions of retail companies?

To drive innovation and adapt to changes

To increase employee salaries

To ensure consistent product pricing

To maintain traditional business models

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Walmart's strategic acquisition to enhance its online presence?

eBay

Alibaba

Amazon

Jet.com