familiarize yourself with Starbucks (review their website as well as recent news about the company related to the company's business operations, market share, or overall profitability).

Explain Starbucks, and its business model (i.e. how it makes money).

Think about the six (6) ways that firms can 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?