Economic Indicators

In this paper, the members of police squad B ask elect 10 variant economic indications that can be used by Starbucks as an aid to forecasting future events. The 10 chosen events assimilate a bun in the oven a direct correlation to the comp any(prenominal). In the paper, team members lead explain why each chosen indicator is grievous to Starbucks while also explaining how the company go forrad use the entropy provided. PricesPrices affect Starbucks in a concourse of ways. The umber berry noggin grower demands more coin from Starbucks. When this happens, Starbucks can choose to digest more cash for the drinking chocolate beans or look elsewhere for a comparable affix of high quality coffee beans. On an individual basis, Starbucks could leveraging other(a) coffee beans for the exist price alone if pitiful weather conditions arise in the coffee belt, Starbucks willing have no choice but to pay more money for the supply as the whole region is affected by the wea ther. Starbucks would more than likely solve this added expense onto the consumer. Coffee is traded on the New York Stock rallying as a commodity. Individuals and institutional groups can invest in coffee futures. See the chart below for price projections for coffee beans. Prev. Stl. TimeMay 07 (KCK07)109.45s+0.20109.50109.90109.30109.2515:00Jul 07 (KCN07)112.35s+0.20112.50112.60112.25112.1515:00Sep 07 (KCU07)115.20s+0.25115.30115.50115.30114.9515:00Dec 07 (KCZ07)118.80s+0.25118.70119.00118.70118.5515:00Mar 08 (KCH08)122.20s+0.25122.20122.20122.20121.9515:00May 08 (KCK08)124.40s+0.30124.40124.50124.40124.1015:00Jul 08 (KCN08)126.50s+0.35126.50126.50126.50126.1515:00Sep 08 (KCU08)128.40s+0.35128.40128.40128.40128.

0515:00Dec 08 (KCZ! 08)131.05s+0.50131.05131.05131.05130.5515:00Retrieved on 4/11/07Another example of pricing relates to minify prices; competing firms such as McDonalds have affected Starbucks in the model of lost revenue. A instill of coffee like any other product has a profit margin addicted to the sales volumes. If a mass of consumers choose to buy McDonalds coffee versus Starbucks coffee, McDonald?s profits will increase and Starbucks profits will diminish if Starbucks does not commute pricing. WagesWages affect the financial records of Starbucks as they would in any other corporation. Wages... If you want to get a full essay, order it on our website: OrderEssay.net

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