Prince Increases expected at the Tills

Prince Increases expected at the Tills

Assessment

Interactive Video

Business

University

Hard

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The video discusses the Christmas shopping rush and the potential for consumers to save money before January price increases. Retailers, facing unsustainable discounts, plan to raise prices. Consumers are challenged by rising costs, inflation, and unemployment concerns. Inflation has already impacted clothing and furniture prices, and further increases could lead to a quieter High Street.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors are contributing to the Christmas rush mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do retailers face in increasing prices during a fragile consumer environment?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How are retailers planning to respond to rising costs according to the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact does inflation have on consumer purchasing behavior as described in the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences for retailers if they push through further price increases?

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