Support for businesses facing rising energy costs unveiled

Support for businesses facing rising energy costs unveiled

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the significant rise in energy costs affecting businesses, with some sites experiencing bills up to seven times higher than a few months ago. Businesses face challenges in passing these costs to consumers without losing them, leading to incremental price increases and cost absorption. The need for government intervention is emphasized, particularly regarding an energy cap and funding, as businesses struggle with high out-of-contract rates and uncertainty about future support.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much have energy bills increased for some business sites?

2-3 times

5-6 times

7-8 times

10 times

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the business's main concern when considering price increases?

Decreasing product quality

Reducing staff

Pricing customers out

Losing suppliers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the business waiting for from the government?

New tax policies

Energy price cap announcement

Subsidies for new equipment

Interest rate changes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the current out-of-contract energy rates mentioned?

60 to 70 P

80 to 90 P

40 to 50 P

20 to 30 P

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the business hesitant to sign new energy contracts?

Contracts are too long

Rates are too high

Lack of reliable suppliers

Uncertain market conditions