When a Coffee Shop Lists a Tall Coffee on Its

question 9

Multiple Choice

When a coffee shop lists a tall coffee on its menu at $2.95, the coffee shop is using money as a

• A)unit of account.
• B)medium of exchange.
• C)store of value.
• D)source of profit.

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Definitions:

Degree of Rivalry

The extent and intensity of competition among businesses within the same industry.

Substitute Products

Goods or services that can be used in place of each other, offering consumers alternatives in their purchasing choices.

Degree of Rivalry

The extent of competition between firms in the same industry, influencing market dynamics and profitability.

Threat of Substitute Products

The potential risk that consumers might replace a company's product with similar goods or services from another provider.