Question

What are the market values of Starbucks coffee? Is it considered a intermediate good or final good or both? How so?

Answer 1

Market values of Starbucks coffee:

• Creating a culture of warmth and belonging, where everyone is welcome.
• Acting with courage, challenging the status quo and finding new ways to grow our company and each other.
• Being present, connecting with transparency, dignity and respect.
• Delivering our very best in all we do, holding ourselves accountable for results.

Starbucks are performance driven, through the lens of humanity.

There are three things its core values are focused at. They are the partners from whom it sources its raw materials, the coffee or the product and the customers. Culture specifically is a very important part of business from which its success story begins. Companies that have established a culture of empowerment and collaboration have found it easier to raise their workers’ productivity. Starbucks too has established a culture of collaboration where everybody feels included and welcome. Another important thing is innovation and nobody has moved ahead without challenging the status quo. Transparency, dignity and respect, all the three are related to ethics and accountability which is an important focus area for Starbucks. Being accountable and delivering with confidence – another important value that stresses on accountability. At last, Starbucks despite being driven by performance is fueled by humanity.

intermediate good or final good

Beans sold to coffee bar are intermediate goods since they are used in the production of coffee sold to the public (final good).

However coffee are final goods since it used either for consumption.