Starbucks says it needs to buy 200,000 Sharpie markers in new effort to bring back customers

Starbucks says it needs to buy 200,000 Sharpie markers in new effort to bring back customers

Assessment

Interactive Video

Business

University

Hard

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Starbucks is trying to regain customers after a sales decline by reintroducing handwritten names on cups and self-serve stations. CEO Brian Nichols plans to buy 200,000 Sharpies for this initiative. The company experienced a 10% drop in traffic in the third quarter. To enhance customer experience, Starbucks will also stop charging extra for alternative milks starting next Friday. The transcript includes personal opinions on these changes, highlighting the importance of personalization despite occasional name errors.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Starbucks' new strategy to attract customers?

Launching a new advertising campaign

Bringing back handwritten names and notes on cups

Introducing new coffee flavors

Offering discounts on all beverages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage drop in traffic did Starbucks experience in its third quarter?

5%

10%

15%

20%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does CEO Brian Nichols believe will help restore the coffee house vibes?

Expanding store locations

Bringing back notes and self-serve stations

Introducing new menu items

Lowering prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What change is Starbucks implementing regarding milk options?

Introducing a new dairy-free milk

No extra charge for oat, almond, or coconut milk

Offering free refills on milk

Charging extra for all milk types

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the speaker's opinion on the Sharpie initiative?

They are indifferent about it

They think it will save money

They prefer the use of stickers

They believe it will be very effective