Explain Starbucks business model. Howif at allhas it changed over the last two years under Kevin Johnsons leadership?

Select yes for those statements below that are accurate and choose no for those that are not.

a. With almost 14,800 company-owned and licensed locations in the United States, Starbucks maintains a sizable lead over direct domestic rivals, including Dunkin' Donuts (approaching 9,500 U.S. points of distribution), Caribou Coffee, and Peet's Coffee.

(Click to select) Yes No

b. With caf-like environments and a brand that evokes a high-quality customer experience, Starbucks enjoys pricing power advantages over most specialty coffee peers, which we believe will only be augmented by the incubation of the Starbucks Reserve sub-brand to distribute exclusive, higher-end coffee blends.

(Click to select) Yes No

c. Starbucks has discontinued sales of its smoothies and teas due to declining sales.

(Click to select) Yes No

d. Starbucks' efforts to expand its distribution beyond traditional outlets, including other restaurant chains, hotels, airlines, universities, and offices, has not been as successful as predicted.

(Click to select) Yes No

e. Starbucks also wields considerable influence over arabica coffee bean suppliers, ensuring access to raw materials at competitive prices.

(Click to select) Yes No

f. Many of Starbucks' competitive advantages also apply to international markets, which we view as a critical growth engine over the next several decades.

(Click to select) Yes No

g. Starbucks has very few opportunities to expand its presence on grocery and mass-channel shelves across the already very saturated market.

(Click to select) Yes No

h. Starbucks adapts to evolving consumer behaviors through a brand that transcends channels as well as digital (including Mobile Order & Pay), social media, delivery partnerships, and loyalty program enhancements.

(Click to select) Yes No

i. A drawback of Starbucks is that it cannot be successfully replicated across the globe.

(Click to select) Yes No

j. Many of Starbucks' competitive advantages also apply to international markets, which we view as a critical growth engine over the next several decades.

(Click to select) Yes No

k. Starbucks has introduced new stores menus at the beginning of each season (spring, summer, fall, and winter), along with special holiday menu offerings in November and December.

(Click to select) Yes No

l. Starbucks' capital structure has been restructured from a primarily equity-financed company to a primarily debt-financed company, for example, via share repurchases, in order to leverage returns to investors.

(Click to select) Yes No