Question 1. When economies of scale exist, firms with large volumes of production will have lower costs than those with smaller volumes of production. The realization of these economies of scale, however, is far from automatic. What actions can firms take to ensure that they realize whatever economies of scale are created by their volume of production? Explain your answer

Note: To answer this question you need to consider the following frameworks:

The generic strategies (Cost leadership - Differentiation - Focus)

Integration vs. specialization Internationalization (Global strategy - transnational strategy - multidomestic strategy)

Value market (High value market vs. Low value market)

Actions refers to tactics.

Take in consideration the change in the structure