A coffee shop is an informal restaurant that sells food and drink, but not normally alcoholic drinks.
A coffee shop is an informal restaurant that sells food and drink, but not normally alcoholic drinks.
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Answer and Explanation: Starbucks, a US-based firm that has majored in the coffee industry, is considered monopolistic competition.
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Starbucks is part of an oligopoly being one of a few large firms dominating the market for coffee and breakfast, competing with McDonald's and Dunkin Donuts ("medium" concentration ratio of 60%).
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Starbucks found a niche market where it identified what makes its customers happy, and has delivered it to them. Continuing to accomplish this will allow Starbucks to maintain its competitive advantage for years to come.Jan 1, 2015
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Label | Value |
---|---|
Exchange | NASDAQ-GS |
Sector | Consumer Discretionary |
Industry | Beverages - Non-Alcoholic |
1 Year Target | $95.50 |
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Similar to a fast food or quick service restaurant, coffee shops have a focused menu displayed above the counter, and primarily serve coffee and espresso-based drinks, along with a small selection of snacks or pastries.Feb 17, 2019
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60-ounces
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Cups of coffee are based on 5 fl oz per coffee. A 10 cup carafe when filled to the 10 cup level will hold approximately 50 fl oz, the 12 cup carafe will hold approximately 60 fl oz, and the 14 cup carafe will hold approximately 70 fl oz.
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3 tablespoons
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64 fl oz
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