On July 1, 2008, Starbucks announced that it would close 600 stores beginning last year, laying off 12,000 employees. The company's chief financial officer explained the move by saying ·cw]e believe we've improved the profit potential of the U.S. store portfolio." The comments of Starbucks' CFO about the company's reason for closing the stores indicate that the decision was primarily focused on, and oriented toward, the interests of:
a. All Starbuck stakeholders.
b. Starbucks shareholders.
c. Starbuck employees
d. The communities in which Starbucks operates.
e. Starbucks customers
Ans: b. Starbucks shareholders.
Business
You might also like to view...
What are the secondary levers for pipeline inventory?
What will be an ideal response?
Business
Studies have suggested that credit spreads inthe market have been observed to be greaterthan what can be justified by default and recoveryrates. Explain how by quantifying liquidityspreads, one can obtain a truer measure of creditspreads
What will be an ideal response?
Business