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Addicted to Cheap Shopping?

Addicted to Cheap Shopping?. Video Worksheet. How does the government calculate the rate of inflation?. Goods and Services. 2. Why are electronic devices cheaper today?. Manufactures and retailers have been able to cut costs. 3. Define economies of scale?.

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Addicted to Cheap Shopping?

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  1. Addicted to Cheap Shopping? Video Worksheet

  2. How does the government calculate the rate of inflation? • Goods and Services

  3. 2. Why are electronic devices cheaper today? • Manufactures and retailers have been able to cut costs

  4. 3. Define economies of scale? • The more you sell the cheaper you can sell it • Cut cost and pass on savings to consumers

  5. 4. Where is the Mall of America located and what year did it open? • Bloomington, Minnesota • 1992 • Mall of America

  6. 5. Who is the founder of Wal-Mart? • Sam Walton

  7. 6. How much money does Wal-Mart make everyday? Every hour? • 1 billion • 40 million

  8. 7. How much did Wal-Mart and their customers save by not packaging deodorant in boxes? • 60 million a year

  9. 8. What type of business is IKEA? • Cash and carry

  10. 9. Why are products cheaper? • Globalization

  11. 10. Why is the cost of shipping cheap goods going down? • Containerization

  12. 11. Define fast fashion? • Designer fashion without the price

  13. 12. In the past, new fashion lines went on the shelf four times a year but how many times a year does it happen now? • Everyday

  14. 13. Which types of shops suffer because of cheaper goods? • Charity shops

  15. 14. Where is the largest wholesale shopping center in the world located? • Yiuw, China

  16. 15. What is the goal of Chinese Entrepreneurs? • They would like to make their own products and keep the profit for themselves.

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