Hong Kong Fashion Store Operator Says Situation Is 'Really Bad'

Hong Kong Fashion Store Operator Says Situation Is 'Really Bad'

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the impact of protests on a business in Hong Kong, highlighting a significant downturn in performance since June. The business faces financial challenges, negotiating with landlords and trying to avoid layoffs. The relationship between landlords and tenants is crucial, and government stimulus is seen as insufficient. The speaker is optimistic about Hong Kong's resilience, comparing the current crisis to past challenges. The business caters to both locals and visitors, with a significant portion of its revenue from overseas customers, which has been affected by the protests.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the initial expectations for the business at the start of the year?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the protests in June impact the business's performance?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences if the current situation does not improve?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies are being employed to negotiate with landlords?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the Christmas season for retailers according to the text?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the business owner perceive the resilience of Hong Kong in the face of challenges?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of the business is dependent on overseas visitors?

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OFF