How Might Starbucks Ensure That It Behaves in a Socially

question 45

Multiple Choice

How might Starbucks ensure that it behaves in a socially responsible way toward members of its supply chain?

• A) It can pay its employees minimum wage as required by law.
• B) It can use cups made from recycled paper.
• C) It can offer healthy drinks and snacks in its stores.
• D) It can purchase coffee beans from suppliers who pay coffee growers a fair price.
• E) Social responsibility isn't relevant where channel partners are concerned; it has to do with serving society as a whole.

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Definitions:

Value-based Pricing

A pricing strategy where the price is set based on the perceived or estimated value of a product or service to the customer rather than on the cost of production.

Robot

An automated machine capable of carrying out a complex series of actions automatically, often programmable by a computer.

Operating Cost

Expenditures directly related to the day-to-day operations of a business, including costs for materials, labor, and overhead.

Useful Life

The duration for which an asset is expected to be operationally productive, impacting its depreciation schedule and replacement planning.