Starbucks Has Introduced a Debit Card That Lets Its Customers

question 50

Multiple Choice

Starbucks has introduced a debit card that lets its customers prepay for coffee and snacks.This effort by Starbucks management is an example of ________.

• A)market development
• B)product development
• C)diversification
• D)market penetration
• E)product adaptation

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Definitions:

Outstanding Common Shares

Refers to the total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.

Deferred Income Tax

Income tax obligations that a company has accrued but not yet paid, appearing on the balance sheet as a liability.

Amortizable Capital Assets

Long-term assets whose cost is gradually expensed over their useful life, such as buildings and equipment.

Temporary Differences

Differences between the accounting value and tax value of assets and liabilities, resulting in deferred tax assets or liabilities.