Question
Identify the name of Kroger's and provide description of goods/services they sell. Think about the six ways to achieve economies of scale and describe how
Identify the name of Kroger's and provide description of goods/services they sell.
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?
what other ways could managers of the company increase operational efficiencies? Decrease the law of diminishing returns?
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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