Row erupts between Tesco and Unilever after the manufacturer demands a price increase due to the falling value of the po

Row erupts between Tesco and Unilever after the manufacturer demands a price increase due to the falling value of the po

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses a price dispute between Unilever and Tesco, where Unilever seeks to raise prices due to the falling value of Sterling, but Tesco refuses to comply. A secret shopping expedition reveals that most products are still available in stores, though online availability is affected. Unilever defends the price hike, citing currency issues, while some experts suggest it's a leadership challenge for Tesco's CEO, Dave Lewis. The video concludes with lessons on public negotiations and mentions ongoing talks between Unilever and other supermarkets.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason Unilever wants to raise prices according to the transcript?

Higher demand for products

Increased production costs

Falling value of Sterling

New product launches

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the outcome of the secret shopping expedition in Tesco stores?

Shelves were fully stocked with all products

Some products were missing, but most were available

All products were available except for one brand

Many products were missing from the shelves

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Unilever, why are the price increases necessary?

To cover increased marketing expenses

To expand into new markets

To improve product quality

To maintain profitability despite currency impact

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is suggested as a possible reason for the dispute beyond currency fluctuations?

A government regulation change

A leadership challenge in the retail market

A new competitor entering the market

A change in consumer preferences

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What lesson is highlighted regarding negotiations in the retail industry?

Negotiate only with large retailers

Never have a negotiation in public

Avoid negotiations during economic downturns

Always negotiate in public for transparency