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The Cup Is a Small Shop in a Small Pennsylvania

question 107

Multiple Choice

The Cup is a small shop in a small Pennsylvania town with a very loyal following. It has become well known in the town as well as in many of the towns surrounding it. Consumers seem to love the homey, local feel of The Cup. As a result, The Cup would like to open a new store in one of the towns close by. It has identified a region it thinks could be profitable. It has many loyal customers who live in that town. However, the town is also home to a Starbucks store. The town is growing, and The Cup has heard rumors that a Dunkin' Donuts may open. The owner is currently evaluating the relevant market segments in the area (Step 4) . He has the following questions he wants to answer: 1. Do we have enough of a loyal following as a local shop that we can attract customers away from Starbucks?
2) With the town growing as fast as it is, will other coffee shops decide to locate there?
The owner is conducting a _____________ to evaluate relevant market segments.

Acknowledge the implications of market risks and political activities on investment values.

Familiarize with the sources of investment information and the range of maturity dates for bonds.

Understand the different types of skills (technical, human, and conceptual) that managers need to possess.

Identify the importance and application of emotional intelligence in management.

Definitions:

Month-end Bank Statement

A document provided by a bank summarizing the account’s activity and balances over the last month, used for reconciling the bank account.

Erroneously Charged

Refers to a financial transaction or fee that has been incorrectly applied to an account.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank, considered in reconciling the bank statement.

Month-end Bank Statement

A document issued by a bank summarizing the transactions in an account for the month, including the final balance.