World Cup defeat is bad news for the economy

World Cup defeat is bad news for the economy

Assessment

Interactive Video

Business

University

Hard

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The video discusses the economic impact of England's early exit from the World Cup, highlighting the disappointment among businesses that had anticipated a boost in consumer spending. It details the financial losses faced by retailers due to unsold football merchandise and the shift in focus to selling remaining stock at discounted prices. Despite the setback, retailers find some consolation in the potential for increased sales due to favorable summer weather.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are retailers doing in response to unsold stock after the World Cup?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the market situation for items stamped with the Cross of Saint George before and after the World Cup?

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