Indiana Institute of Technology Ways for Tesla to Achieve Economies of Scale Essay

I’m working on a economics discussion question and need an explanation and answer to help me learn.

1. Choose a company to use for this discussion. The company can be a U.S. firm, or a firm from any country that is easily researchable using Internet search engines.  You may use the same company that you have used in previous discussions, or you may choose a different company.
2. Using the web, familiarize yourself with the company (review their website as well as recent news about the company related to the company’s business operations, market share, or overall profitability).
3. Explain the company that you have researched, and its business model (i.e. how it makes money).
4. 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: 
   1. Specialization: How can this be applied to your business specifically to achieve economies of scale?
   2. Division of labor:  How can this be applied to your business specifically to achieve economies of scale?
   3. Advanced technology:  How can this be applied to your business specifically to achieve economies of scale?
   4. Automation devices:  How can this be applied to your business specifically to achieve economies of scale?
   5. Quantity discounts:  How can this be applied to your business specifically to achieve economies of scale?
   6. Financial strength (credit):  How can this be applied to your business specifically to achieve economies of scale?