Need help with my writing homework on The Major Source of Competition for Best Buy. Write a 250 word paper answering;

Need help with my writing homework on The Major Source of Competition for Best Buy. Write a 250 word paper answering; Best Buy faces competition from brick and mortar retailers such as Walt-Mart, GameStop, Radio Shack, and other 2nd tier competitors. Walt-Mart is thebiggest threat to the company. This company is the largest retailer in the world with revenues of $405 billion. The company has greater buying power than Best Buy which provides with the ability to achieve greater economies of scale. Economies of scale can be defined as the reduction in long-run average and marginal costs arising from an increase in size of an operating unit (Businessdictionary). Walt-Mart has been focusing more on growing its consumer electrics business. The firm now sales game consoles and games, smartphones, and laptop computers. GameStop also competes directly with Best Buy. The organization is the industry leader in the sale of video games. Its market share in the video game industry surpasses 40%. The firm has over 6,000 stores located across the United States, Canada, Europe, and Australia. The main advantage that GameStop has over Best Buy is the number of locations since Best Buy only has 1,023 stores. A third major competitor of the company is Radio Shark with 4,423 stores and overall revenues of $4 billion. Radio Shark does competes well with Best Buy in audio and video components, but customers prefer Best Buy for larger purchases. There are a variety of 2nd tier stores that also compete against Best Buy including Costco, BJs, HH Gregg, and Ultimate Electronics.

The second major source of competition for Best Buy are online retailers. Online retail sales in the United States are on the rise. In 2013 online retail sales in the Unites States total $395.3 billion (Plunkett Research). The biggest competitor in the online business world is Amazon. Amazon had global revenues of $19 billion. The cost structure of Amazon is lower than brick and mortar stores. This allows the firm to offer lower prices to its customers. The movie company Netflix also represents a threat to Best Buy due to its variety of movies which exceed 100,000 titles.

Works Cited 2014. “Economies of Scale.” 25 April 2014. Plunkett Research. 19 February 2014. “E-Commerce & Internet Business Overview.” 25 April 2014.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10

Academic Pros