Question 1

What did Finance Minister Nicola Willis suggest to introduce competition in New Zealand's supermarket sector?

Accepted Answer

Offering VIP treatment to a third international player

Answer

Promoting online grocery shopping

Answer

Allowing mergers between local supermarkets

Answer

Encouraging local businesses to expand internationally

Question 2

What is the primary reason for the current concentration in New Zealand's supermarket sector?

Accepted Answer

Successive mergers and acquisitions

Answer

Government regulations

Answer

Increased foreign competition

Answer

High consumer demand

Question 3

Which supermarket brand was created as a result of Progressive Enterprises' purchase of Woolworths New Zealand in 2001?

Accepted Answer

Countdown

Answer

Pak'nSave

Answer

New World

Answer

Big Fresh

Question 4

What was the outcome of the attempt by Foodstuffs North Island and Foodstuffs South Island to merge into one entity?

Accepted Answer

The Commerce Commission declined the clearance.

Answer

They were allowed to operate as one company

Answer

The merger was approved immediately

Answer

They decided to merge without clearance

Question 5

What would be a quick solution to increase competition in the supermarket sector according to the text?

Accepted Answer

Breaking up the Foodstuffs companies into smaller entities

Answer

Encouraging online shopping

Answer

Attracting foreign brands

Answer

Creating more local supermarkets

Question 6

How long could it potentially take for a foreign brand like Aldi to establish a nationwide chain in New Zealand?

Accepted Answer

Five years or more

Answer

Ten years or more

Answer

Two to three years

Answer

One year or less

Question 7

What did the Foodstuffs cooperatives' decision to include 'Foodstuffs' in their names result in?

Accepted Answer

Blurred the lines between them as separate entities

Answer

They became one company

Answer

Simplified branding for customers

Answer

Increased competition between them

Question 8

Which brand was mentioned as an example of a supermarket that took a long time to reach scale in Australia?

Accepted Answer

Aldi Australia

Answer

Costco

Answer

Foodstuffs

Answer

Kaufland

Question 9

What is suggested as a necessary legislative action to allow more competition in the supermarket sector?

Accepted Answer

Updating legislation to allow forced divestiture

Answer

Increasing subsidies for local farmers

Answer

Banning all mergers

Answer

Reducing taxes on imports

Question 10

What is the overall conclusion regarding the source of competition for New Zealand's supermarket sector?

Accepted Answer

Competition needs to come from within, not foreign brands.

Answer

Prices will drop without any changes

Answer

Local competition is unnecessary

Answer

Foreign brands are the solution

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