VOICED: Luxury watchmakers' follow the money to Asia

VOICED: Luxury watchmakers' follow the money to Asia

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the significance of luxury watches in the business world, highlighting their resilience during economic downturns, particularly in Hong Kong. It notes the strong demand for Swiss watches in Asia, contributing significantly to the Swiss watchmaking industry's success. The video also covers the auctioning of timepieces as valuable investments, with a focus on changing consumer preferences in China towards more intricate designs. A collector from Shanghai shares his appreciation for the mechanical aspects of watches, emphasizing their daily enjoyment and potential for value appreciation.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to the success of the watch retail business in Hong Kong despite the global economic downturn?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much revenue did the Swiss watchmaking industry generate from sales in Asia last year?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some reasons that buyers in Asia appreciate watches as investments?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How have consumer tastes in mainland China changed regarding luxury watches?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What aspects of a watch does Harry Chin prioritize when making a purchase?

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