Best Buy Is A Multinational Retailer That Sells Both Products And Services Through Three Primary Channels

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Best Buy is a multinational retailer that sells both products and services through three primary channels: about 1,500 retail stores, online, and call centers. It sells consumer electronics and a variety of related merchandise, including software, video games, music, DVDs, Blu-ray discs, mobile phones, digital cameras, car stereos and video cameras, in addition to home appliances (washing machines, dryers, and refrigerators), in a non-commissioned sales environment (Hoovers, 2013). It has also branded store banners that include Best Buy, Best Buy Express, Best Buy Mobile, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, and Pacific Sales. Major Competitors Best Buy has a lot of competitors in there industry field that includes Wal-Mart, Apple Inc., and Amazon. Competition is good for Best Buy because it can lead to identifying the strengths and weakness, helps you grow your business and market, also it makes customer service better. Wal-Mart sets itself apart from Best Buy and the other competitors by believing in the promotional phrase “Everyday Low Prices” (Wal-Mart, 2013). Wal-Mart has looked passed offering limited time sales or specials but has conducted it business by maintaining low prices on over 80,000 products. Apple Inc. is an innovation and creativity communication company that has given us some top tech. equipment such as IPhone, IPad, and IPod. The company has 51% fewer employees than Best Buy, but has steadily increased Annual Sales/Market cap by

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