BM Unit 3.3 F&A Ethics in Final Accounts: Case of Luckin Coffee
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Lesduur is: 10 minOnderdelen in deze les
Slide 1 - Tekstslide
Slide 2 - Video
Though Luckin Shops were modelled on Starbucks shop, the customer experient was different (key differentiator) because of:
A
Better lighting
B
Appeal to students reading free books
C
Quicker service
D
IT an App
Slide 3 - Quizvraag
What were the first signs something was wrong at Luckin Coffee
A
The CEO being arrested
B
Video surveillance being used in shops
C
A 89 page report claiming an 88% profit overstatement
D
The failed IPO in New York
Slide 4 - Quizvraag
Despite being delisted in New York, as well as fined for fraud in China and the USA:
A
Nobody did jail time
B
Staff was paid on time
C
It continued to have access to financial markets and capital
D
Luckin continued to operate until Feb. 2021
