Small business owners fear being left behind despite Theresa May's pro-business pledges

Small business owners fear being left behind despite Theresa May's pro-business pledges

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video explores the economic challenges faced by small businesses in a UK village, highlighting the impact of Brexit and government policies. It features interviews with local business owners, including a greengrocer struggling with rising costs and a fashion retailer finding success through adaptability. The video emphasizes the need for government support for small businesses, which make up a significant portion of the UK's private sector, especially in light of welfare cuts and inflation affecting lower-income families.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the impact of Brexit on the greengrocer's business in the village?

Increased customer footfall

Rise in produce prices by at least 10%

Expansion of the business

Decrease in produce prices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the independent toy shop respond to the loss of small business rate relief?

By reducing staff

By increasing product prices

By closing down

By diversifying to maximize profits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy is the female fashion retailer using to succeed?

Focusing on customer service and self-reliance

Cutting down on marketing

Reducing product quality

Relying on government subsidies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the projected financial impact on 'just about managing' households by 2020?

No change in income

An increase in income by £2500

A decrease in income by more than £2500

An increase in income by £500

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is self-employment considered a good option for some people?

It requires no initial investment

It is heavily subsidized by the government

It guarantees high profits

It offers flexibility for those with family responsibilities