Question

what kind of the economic responsibility and legal responsibility Starbucks adopting?

could you give me 3 points for both please!

Answer 1

Economic Responsibility:

1. Starbucks focuses on product quality because the health and safety of customers is important to business. Company shall ensure that the operation is always safe and hygienic, including good service and facilities in the shops.
2. Starbucks depends on fair competition legislation and supports the free market. However, Starbucks must have an arrangement with rivals or suppliers on the basis of regulations such as not arguing about costs, goods or markets with rivals or consumers, not attempting to dominate the market, etc.
3. Starbucks has formed long-term relationships with suppliers and sellers, as well as working closely with them. The organization has sponsored all facets of coffee i.e fair exchange by guarantee rates, providing financial incentives, education and even housing.

Legal Responsibility:

1. The corporation is responsible for upholding legal obligations for the operation of the business. According to corporate law, a corporation can exercise its powers in accordance with the company's constitution. The directors of the company have a responsibility to take care of the company and its members. They must have good faith and the ability to use their positions where they must have all the relevant details on the business and the responsibilities.
2. The issue of the bonus share capital, the partial payment of the preference and the redeemable shares are all part of the shareholders. The director of the company or the managing authority of the company shall take control of the shareholders in these matters.
3. The corporation is responsible for supplying the workers with the correct wages and the sum of the dividend to the owners of the company. The value of the dividend also paid to the shareholders by the value of the income of the company, which does not impact the financial position of the business.

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