How Food Deflation Is Impacting Supermarkets

How Food Deflation Is Impacting Supermarkets

Assessment

Interactive Video

Business, Information Technology (IT), Architecture, Social Studies

University

Hard

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The video discusses the significant drop in food prices and the resulting price war among grocery giants like Walmart and Kroger. Walmart has been cutting prices to attract customers, impacting competitors like Kroger. Kroger is responding by offering services like click and collect to maintain its market position. The video explores the strategies these companies use to adapt to economic changes and consumer demands.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant consequence of the recent food deflation trend?

Decreased competition in the market

Increased grocery store profits

A price war among grocery stores

Higher consumer spending on groceries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has Walmart responded to criticisms about its grocery offerings?

By increasing prices to match competitors

By reducing the number of stores

By focusing solely on non-organic products

By improving the quality of produce and offering organic options

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the reasons Walmart's pricing strategy puts pressure on Kroger?

Kroger's lack of online presence

Kroger's focus on non-grocery items

Walmart's ability to attract customers with low prices

Walmart's focus on luxury goods

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy has Kroger implemented to enhance customer convenience?

Reducing the number of store locations

Increasing the variety of imported goods

Introducing a 'click and collect' service

Offering home delivery services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might 'click and collect' be more convenient than home delivery for some customers?

It offers a wider range of products

It is available only on weekends

It is more expensive than home delivery

It requires less time at home waiting for delivery