Choose Starbucks to use for this assignment Identify the name of the firm in Starbucks, and then provide a brief description of the goods and or services that the firm sells Think about the six ways to achieve economies of scale and describe how to apply the following to the company in order to achieve economies of scale Specialization How can this be applied to your business specifically to achieve economies of scale Division of labor How can this be applied to your business specifically to achieve economies of scale Advanced technology How can this be applied to your business specifically to achieve economies of scale Automation devices How can this be applied to your business specifically to achieve economies of scale Quantity discounts How can this be applied to your business specifically to achieve economies of scale Financial strength (credit) How can this be applied to your business specifically to achieve economies of scale Other than the six ways to achieve economies of scale in 3, what other ways could managers of the company increase operational efficiencies Decrease the law of diminishing returns Applying what you have learned, if you were the manager of a large business firm that is unable to achieve economies of scale, would you recommend that the firm cease operations and close Why or why not

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Choose Starbucks to use for this assignment.
Identify the name of the firm in Starbucks, and then provide a brief description of the goods and/or services that the firm sells.
Think about the six ways to achieve economies of scale and describe how to apply the following to the company in order to achieve economies of scale:
Specialization: How can this be applied to your business specifically to achieve economies of scale?
Division of labor: How can this be applied to your business specifically to achieve economies of scale?
Advanced technology: How can this be applied to your business specifically to achieve economies of scale?
Automation devices: How can this be applied to your business specifically to achieve economies of scale?
Quantity discounts:How can this be applied to your business specifically to achieve economies of scale?
Financial strength (credit): How can this be applied to your business specifically to achieve economies of scale?
Other than the six ways to achieve economies of scale in #3, what other ways could managers of the company increase operational efficiencies? Decrease the law of diminishing returns?
Applying what you have learned, if you were the manager of a large business firm that is unable to achieve economies of scale, would you recommend that the firm cease operations and close?Why or why not?