Identify whether Best Buy has a competitive advantage or disadvantage in its primary industry (retail).

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Expert Solution

Best Buy's historical advantage has dependably been evaluating. In any case, now that other claim to fame hardware retailers have dropped out of the market with the fall of Tweeter and Circuit City, Best Buy now should rival rebate retailers, for example, Kmart, Wal-Mart, Target, Sam's Club, Costco, and additionally online retailers like Amazon. Shoppers never again need to go to Best Buy to buy DVDs since purchasers can get them through many online venders or stream them online by means of NetFlix or Amazon. We can purchase a blu-beam player or camera at a markdown on the web. TVs and apparatuses are the two items Best Buy offers that numerous individuals are more averse to buy online on account of their size and restrictive delivery costs. Best Buy should likewise address the wonder of 'showrooming', which is the act of looking for stock in a physical store and later purchasing on the web at bring down costs.

Best Buy still has three particular advantages over a large number of its rivals: area, economies of scale, and Geek Squad.

Rahul Sunny answered 1 year ago

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