We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Research Paper on Best Buy Company Paper

Words: 544, Paragraphs: 11, Pages: 2

Paper type: Research paper , Subject: Company

We recommend you to write your college or university research paper on Best Buy as one of the most popular topics today.

Best Buy Co. Inc. is one of the largest electronics retailers in the U.S. and Canada. Best Buy company owns more than 1,000 stores. Best Buy plans to expand its network to other markets, in particular the Chinese market. Best Buy Company owns a number of brands of electronics, in particular, Insignia, Dynex, which also are sold through the network of Best Buy shops.

Richard M. Schultz and Gary Smolyak opened a shop selling audio in St. Paul, Minnesota in 1966. A year later, Sound of Music, that was the name of the shop, became a part of Kencraft Hi-Fi Company and Bergo Compan. Two more shops under the same name were opened in downtown Minneapolis. The first fiscal year, Sound of Music ended with a gross revenue of 168,000 dollars. In 1969, the company went public, introduced a system of stock options and opened 3 more stores in the area of ??Twin Cities (Minneapolis and St. Paul ). Annual revenue in 1970, reached the mark of one million dollars. In 1979, The Sound of Music managed to became the first distributer of video equipment from Magnavox, Panasonic, Sharp, and Sony.

Don't use plagiarized sources. Get Your Custom Essay on Research Paper on Best Buy Company
Just from $13,9/Page

Get Essay

Best Buy Company today is the largest seller of home appliances and electronics in the USA, controlling 21 % of the market. This retail chain is most known for its massive sales. In addition, this company is very proud of the fact that sales staff has a fixed salary and not commission from sales, which allows its sellers to maintain objectivity when recommending products.

In the U.S., Best Buy actively experimenting with different marketing strategies. For example, some large stores and offers customers a personal shopping assistant, who help you quickly make the necessary purchases or pre-plan your route.

One of the basic principles of marketing the company uses is the so-called “the buyer centrism.” Within this concept, design, range and style of service in each Best Buy store varies depending on the place in which it is located and the main target audience. In the framework of a unified corporate identity, the company tries in each region to adapt to the needs of local customers.

In summer 2007, the company announced major plans to expand its network. Under this strategy, in June 2008 Best Buy established a joint venture with British retailer Carphone Warehouse. Commenting on the deal, Best Buy representatives noted that it “would be the prelude to the global development of the company in the rest of Europe.”

Use sample research papers and research proposal examples on Best Buy as excellent sources of the relevant information on the topic.

Note! Free research papers and research proposals about Best Buy Co. are 100% plagiarized!!!

At EssayLib.com custom writing service you can buy a custom research paper on Best Buy Company topics. Your research paper will be written from scratch. We hire top-rated Ph.D. and Master’s writers only to provide students with professional research paper assistance at affordable rates. Each customer will get a non-plagiarized paper with timely delivery. Just visit our website and fill in the order form with all paper details:

Enjoy our professional research paper writing service!

About the author

This sample paper is done by Joseph, whose major is Psychology at Arizona State University. All the content of this work is his research and thoughts on Research Paper on Best Buy Company and can be used only as a source of ideas for a similar topic.

Here are other papers written by Joseph:

How to cite this page

Choose cite format:

Research Paper on Best Buy Company. (2018, Dec 28). Retrieved from https://paperap.com/paper-on-research-paper-on-best-buy-company/

Is Your Deadline Too Short?
Let Professionals Help You

Get Help

Our customer support team is available Monday-Friday 9am-5pm EST. If you contact us after hours, we'll get back to you in 24 hours or less.

By clicking "Send Message", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
No results found for “ image
Try Our service

Hi, I am Colleen from Paperap.

Hi there, would you like to get such a paper? How about receiving a customized one? Click to learn more https://goo.gl/CYf83b