Inside the Slowdown in Luxury Spending

Inside the Slowdown in Luxury Spending

Assessment

Interactive Video

Business, Architecture

University

Hard

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Quizizz Content

FREE Resource

The video discusses global economic factors affecting luxury sales, including US economic recovery, Brexit, and currency fluctuations. It highlights the impact of consumer confidence on spending, particularly in the US, and examines the role of the UK and Japan in the luxury market. The shift towards affordable luxury brands like Michael Kors and Kate Spade is also explored, as well as the potential of the UK as a shopping destination due to the weaker pound.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason high-income spenders in the US are hesitant to spend on luxury items?

Lack of confidence

Economic recovery

Lack of money

High taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does the UK contribute to the sales of major luxury brands?

20%

15%

6%

10%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant challenge for Japan's luxury market?

Low tourist numbers

High inflation

Strong yen

Weak yen

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of products are consumers more willing to purchase from affordable luxury brands?

Clothing

Electronics

Shoes

Accessories

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might the UK become a popular destination for luxury shopping?

Increased local demand

Weaker pound

Higher import taxes

Stronger pound