Cashing in on UK Pet boom – answers
true/false
- Investment banking is aggressive. T: it’s ‘cut & thrust’
- The reporter is at the London Pet Show. T
- Adam works for PetShop Bowl. F: he owns this business
- His pet shop is based in London. F: it is an online business
- Setting up a business in a recession is a bad idea. F: It is a good idea according to Adam and what he knows
- He has experienced some initial problems. T: he talks about ‘teething problems’ (problems at the beginning of anything) and that they have experienced this themselves
- The pet industry is suffering from the recession. F: This industry has seen no retraction, only steady growth
- 40 years ago pets were treated very badly. F: pets were not given as many treats as they are today (‘today people give their pets as many treats as they give their children’)
- Adam chose the pet industry because it is ‘recession-proof’. T: to an extent
- Around 1 in 4 people own a cat in Britain. T: (bout the same number as those who own dogs)
- The woman carrying the dog buys it lots of clothes because her dog likes them. F: she wants to keep her dog warm
- Adam’s business is in its first year. F: it started 2 years ago