Video The Sages family business story

Video The Sages family business story

University

10 Qs

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Video The Sages family business story

Video The Sages family business story

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Maria Vera

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

In 1954, what did Thomas Sage open in his hometown?

A clothing store

A supermarket

A bakery

A grocery shop

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What was Thomas Sage's primary focus in his grocery shop business?

High-end products

Fast service

Quality food at a good price

Imported goods

3.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

How did Thomas Sage initially source fresh fruits and vegetables for his grocery shop?

Through international imports

From his family's farm

He bought them from other local grocery stores

He built relationships with local farmers

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What motivated Thomas Sage to open more grocery shops in different parts of town?

High demand and good relationships with farmers

Competition from other grocery stores

A desire for more profits

To experiment with new products

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What type of business did Thomas Sage decide to open after learning from the first supermarkets in the US and Europe?

A restaurant

A bakery

A clothing store

A supermarket

6.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

How did Thomas Sage fund the expansion of his supermarket business?

He used his personal savings

He sought capital from family and friends

He received government grants

He took out multiple bank loans

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What percentage of the company's shares did Thomas Sage give to each of his children when they joined the business?

10%

25%

5%

50%

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