Falling Oil Prices Fuel Retail Sales

Falling Oil Prices Fuel Retail Sales

Assessment

Interactive Video

Business, Architecture, Information Technology (IT), Life Skills

University

Hard

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The video discusses the retail industry's performance during Black Friday and November, highlighting that initial skepticism about sales trends was unfounded as numbers showed growth. It examines the impact of falling oil and gas prices on consumer confidence and retail sales, noting that lower prices benefit retailers like Walmart and Costco. The video also emphasizes the success of retailers with strong online presence and competitive pricing strategies, such as Walmart and Amazon.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the overall sentiment regarding the November retail numbers compared to expectations?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to the increase in retail sales year over year?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How did falling gas prices impact consumer confidence and retail sales according to the discussion?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Which types of retailers are expected to benefit the most from lower gas prices?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do online retailers play in the current retail landscape according to the conversation?

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