We appreciate your visit to When Starbucks uses the same feature to advertise Starbucks coffee along with Starbucks music and Starbucks apparel it is benefiting from economies of A innovation. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
When Starbucks uses the same feature to advertise multiple products, it is benefitting from economies of scope. By leveraging its brand image and customer loyalty, Starbucks reduces advertising costs and attracts a wider customer base.
Explanation:
When Starbucks uses the same feature to advertise Starbucks coffee along with Starbucks music and Starbucks apparel, it is benefitting from economies of scope. Economies of scope refer to the cost advantages that a company can achieve by producing a variety of products or services.
By using the same feature to advertise multiple products, Starbucks can leverage its brand image and customer loyalty to sell more than just coffee. This allows them to reduce advertising and marketing costs compared to promoting each product separately. Additionally, customers who come to Starbucks for the coffee may also be inclined to purchase music or apparel, further increasing the company's revenue.
In this case, Starbucks is benefiting from the scope of its business by offering different products under the same brand, which helps them attract a wider customer base and generate more sales.
Learn more about Economies of scope here:
https://brainly.com/question/13844254
#SPJ1
Thanks for taking the time to read When Starbucks uses the same feature to advertise Starbucks coffee along with Starbucks music and Starbucks apparel it is benefiting from economies of A innovation. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
