Context

Question 1

Shein

Answer 1

suppliers working 75 hours a week (12 a day with no lunch or break, 6/7 days a week)

Question 2

Lidl

Answer 2

raises pay to match wages Aldi offers (£12.40 outside of London)

Question 3

Bank of England

Answer 3

inflation is 3.2% currently, down from 6% since February

Question 4

Apple

Answer 4

iphone sales fall by 10% everywhere apart from Europe, overall revenues across company dropped by 4%

Question 5

Amazon Prime

Answer 5

• advertising revenue increased by 24%
• increase in delivery speed with 75% packages in many countries arriving same day or day after order

Question 6

Vinted

Answer 6

made profit for first time turning £17.4b loss into £14.1b profit

Question 7

TikTok

Answer 7

ByteDance (parent company) have no intention of selling the business after US passes law to force it to sell or be banned in America

Question 8

Sainsbury’s

Answer 8

87% shoppers returning to stores after covid (not buying online as much)

Question 9

Tesla

Answer 9

cut prices in many of its markets due to falling sales (prices of the Model Y, Model X and Model S vehicles in the US were reduced by $2000)

Question 10

McDonalds

Answer 10

lost trademark of ‘big mac’ label following legal challenge by Supermac (Ireland competitor)

Question 11

Asda

Answer 11

highest price for fuel amongst competitors (some are 1.9p less per litre of petrol and 2.1p less per litre of diesel)

Question 12

The Emporium (smaller business)

Answer 12

decline in footfall left them having to close
(venue hosting 75 local traders)

Question 13

Shein (2)

Answer 13

sell shares in London stock exchange, valuing company at $66bn

Question 14

Oatly

Answer 14

not going ahead with its first UK factory, does sell product in 20+ countries across Europe and Asia

Question 15

Royal Mail

Answer 15

£5billion takeover by Daniel Kretinsky (Czech billionaire)