Starbucks Has Introduced a Debit Card That Lets Customers Prepay

question 86

Multiple Choice

Starbucks has introduced a debit card that lets 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:

Round

The process of adjusting numbers to a specified degree of accuracy, often to the nearest whole number or decimal place.

Linear Equation

A formula involving two variables that results in a linear plot on a chart.

Discount

A reduction applied to the usual cost of goods or services.

Markup Rate

The percentage added to the cost price of goods to cover overhead and profit.