How would you characterize best buy competitive strategy

Assignment Help Business Management

Reference no: EM133675599

Assignment:

Best Buy is the largest consumer electronics retailer in the United States with fiscal 2019 sales of nearly $43 billion. The company competes aggressively on price with rivals such as Costco Wholesale, Sam's Club, Walmart, and Target but is also known by consumers for its first-rate customer service. Best Buy customers have commented that the retailer's page 109sales staff is exceptionally knowledgeable about products and can direct them to the exact location of difficult-to-find items. Best Buy customers also appreciate that demonstration models of PC monitors, digital media players, and other electronics are fully powered and ready for in-store use. Best Buy's Geek Squad tech support and installation services are additional customer service features valued by many customers.

How would you characterize Best Buy's competitive strategy? Should it be classified as a low-cost provider strategy? A differentiation strategy? A best-cost strategy? Explain your answer.

Reference no: EM133675599

Questions Cloud

Role of a travel agent encompasses various responsibilities : The role of a travel agent encompasses various responsibilities, primarily centered around assisting clients in planning and booking travel arrangements.

Why is this a market oriented mission statement : Core to all MINI cars is our unique go-kart feeling, our iconic design, and our creative use of space." Is this a market oriented mission statement?

What is meant by the credibility of a witness : Explain in your own words what is meant by the 'credibility' of a witness. How can a jury assess whether a witness is credible or not?

What is the purpose of the market research report : Discuss some of the best practices in conducting market research, both in the Federal Government and commercial marketplace.

How would you characterize best buy competitive strategy : How would you characterize Best Buy's competitive strategy? Should it be classified as a low-cost provider strategy? A differentiation strategy?

Write down the optimization model formulation : Write down the optimization model formulation. Clearly define your decision variables, and write down the objective function and the constraints.

How artists are currently breaking within hip-hop genre : Discuss how artist's are currently breaking within Hip-Hop genre. trends and patterns of artists who have come to market in the last 12 months.

Developing a communication plan : In the space provided you are to develop a communication plan with the vendors to keep them up to date during the selling process.

How have organizations used research in an unethical manner : How have organizations used research in an unethical manner? What consequences were possible?

User Account

All Pages