How Covid-19 Is Changing Consumer Spending Habits

How Covid-19 Is Changing Consumer Spending Habits

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

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The video discusses how the COVID-19 pandemic has affected consumer spending and small business operations. It highlights the reduced sensitivity to COVID spikes in recent months, the growth in digital services, and the shift towards contactless payments. The video also explores how small businesses are adapting to these changes, becoming more robust and competitive by modernizing their operations and payment methods.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial impact of COVID-19 on small business spending?

Gradual increase in spending

No change in spending

Significant decrease in spending

Significant increase in spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector saw significant growth during the pandemic?

Private transportation

Public transportation

On-site technical services

Clothing and apparel

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant challenge for consumers as fiscal stimulus ends?

Uncertainty in spending

Stable spending

Decreased savings

Increased spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major trend in payment methods among small businesses post-COVID?

Increased use of cash

Increased use of checks

Growth in contactless payments

Decline in digital payments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common consumer behavior change regarding payments during the pandemic?

Preference for in-person payments

Preference for cash payments

Preference for contactless payments

Preference for checks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How have small businesses adapted to the challenges posed by the pandemic?

By closing down

By reducing their services

By modernizing and adapting their business models

By increasing prices

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of increased competition in the payment space on small businesses?

Worse margins

Increased costs

No effect on margins

Better margins