What factors are currently impacting consumer demand according to the transcript?
Wesfarmers's Scott on Labor, Lithium Refinery

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rising interest rates and deflation
Stable interest rates and inflation
Decreasing interest rates and deflation
Rising interest rates and inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which businesses are noted for their low-price positioning?
Kmart, Bunnings, Officeworks
Target, Walmart, Costco
Amazon, eBay, Alibaba
IKEA, Home Depot, Lowe's
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What contributed to the strong performance of Kmart and Target?
Expansion of the Kmart store network and direct sourcing
Reduction in product variety and increased prices
Increased advertising and higher product prices
Closure of Target stores and reduced marketing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the outlook for Bunnings in the face of high interest rates?
Confident in short to medium term growth
Planning to close several stores
Expecting a significant decline in sales
Shifting focus to international markets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major challenge in the labor market mentioned in the transcript?
Tightness in labor availability
Excessive labor supply
Decreasing wage growth
High unemployment rates
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Westfarmers' strategy for the lithium market?
Focusing on high-cost production
Becoming one of the lowest cost producers
Reducing lithium production
Exiting the lithium market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected outcome of Westfarmers' lithium production?
Losses due to market saturation
Good returns from spodumene concentrate and lithium hydroxide
Minimal returns due to high production costs
No returns expected
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