Question 20. Which of the following statement is correct based on the 2021 Annual Report? (a) Revenues from our licensed stores accounted for 9% of total net revenues in fiscal 2021. (b) Starbucks has a significant geographical presence across the globe and maintains a 6.7% market share in the United States and has operations in 9 countries. (c) The emerging markets of Brazil, India, China, South Africa, and Mexico has a growing middleclass population but are yet to show significant demand for coffee as a daily beverage. (d) None of the statements are correct. Question 21. Suppose Starbucks makes all pastries, muffins, and cookies in-house rather than buying these items from a bakery supplier. This strategy is known as what? Question 22. Starbucks stock is traded in which stock market and what is the stock ticker symbol? Question 23. True or False? Based on the Annual Report, in the fourth quarter of fiscal 2021, Starbucks sold its 50% ownership interest in Starbucks Coffee Korea Co., Ltd. Question 24. Starbucks is not a typical example of monopolistic competition when it comes to advertising expenses. Why? a. Compared to other companies of the same size, Starbucks spends very little on advertising. b. Compared to other companies of the same size, Starbucks spends a lot on advertising. c. Starbucks equates marginal revenue with marginal cost to maximize profits. d. None of the choices are correct. Question 25. (Inventory of Coffee). True or False? According to the 2021 Annual Report, as of Oct 3 , 2021, Starbucks had unroasted coffee inventory worth $133 million