VOICED: Wall Street of Roses does brisk Valentine

VOICED: Wall Street of Roses does brisk Valentine

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The Aalsmeer flower market, known as the Wall Street of Roses, is a vibrant hub south of Amsterdam where flowers are auctioned year-round. As Valentine's Day nears, the demand for red roses surges, driving up prices. The sophisticated trading floor ensures quality and price monitoring. For traders, this period is crucial, with turnover potentially increasing by 50%. Despite economic challenges, the goal is to maximize prices for suppliers. The market faces the challenge of maintaining business throughout the year, even as consumers cut back on luxuries.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What causes the price of red roses to increase at the Aalsmeer flower market?

Government regulations

High demand due to Valentine's Day

A decrease in supply

A new flower variety introduction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Aalsmeer referred to as the 'Wall Street of Roses'?

It only trades in roses

It is the largest flower market in the world

It is located in a financial district

It has a sophisticated trading floor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the Valentine's period, by how much can turnover increase for traders at Aalsmeer?

20%

30%

70%

50%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal for traders at the Aalsmeer market during Valentine's Day?

To reduce the cost of flowers

To expand the market to new countries

To get the highest possible prices for suppliers

To introduce new flower varieties

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the long-term challenge for the flower market despite the Valentine's Day boost?

Expanding to new markets

Increasing the variety of flowers

Reducing the cost of production

Maintaining business throughout the year