Consider that the prevailing service you offer is teaching individuals in Mexico to speak English, and...

Consider that the prevailing service you offer is teaching individuals in Mexico to speak English, and your business has already created some supplemental pamphlets and CDs that translate common Spanish terms into English. How could you expand your business in a manner that may allow you to benefit from economies of scale (and perhaps even benefit from your existing business reputation)? When you attempt to benefit from economies of scale, do you forgo diversification benefits? Explain.
How would you come to a decision on whether to pursue business expansion that capitalizes on economies of scale even if it would forgo diversification benefits? Do you think economies of scale would be more important or less important than diversification for your business?
Is there any way to achieve economies of scale and yet still achieve diversification benefits?

Expert Solution

jeff jeffy answered 2 years ago

Do you think by implementing a national language more people would actually speak English? How would...

Do you think by implementing a national language more people would actually speak English? How would this be enforced

consider why your audience will come to hear you speak

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