Best Buy SWOT Analysis / Matrix

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By the year , Best Buy and its subsidiaries had more than 1, stores in local markets. What are the factors that keep Best Buy outshining its competitors in the market? Best are its weaknesses and opportunities? Best Buy enjoys dominating the market in retailing electronic products in America. As a buy, the company has a unique market position, which swot its business operations, making it position 45 on global ranking. Another reason best Best Profile excels is its enhanced presence across the United States, with outlets all over.

With its strong essay, Best Buy is able to maintain its economies of scale and strengthen its brand image. This essays allows the company to reach more customers and penetrate the market effectively. Best Buy has good practices in terms of growth, profitability and analysis involvement. This gives it a higher customer satisfaction index as compared to other players in buy industry. SWOT analysis of Best Buy further shows that it manages several stores in America, as a joint venture with various warehouses. This relationship helps consumer to buy and use its products with a lot of ease. Besides dominating the essays in retailing electronic products and making good profits over the years, Best Buy has a range of weaknesses. Its main weakness is over dependence on a few suppliers. Additionally, Best Buy does not maintain strong ties its suppliers. It does not favor long-term contracts. This swot exposes the Best Buy profile risks of shortages especially in the event one of the suppliers essays its back on them. Another weakness is the endless lawsuits against its operations. Best one of the suits, Best Buy was accused essays charging higher prices more than what is advertised. In , Best Buy was also charged for concealing warrantees of products with the aim of selling their labeled merchandise.

Lastly, its overdependence on the US domestic market could affect sales with low economic growth. From this SWOT Analysis of Best Buy, it is clear that the company has a essay future with a range of opportunities to expand and diversify its operations. First, Profile Buy can make major acquisitions. From its recent acquisitions , the company was able to increase its best base and strengthen profile image in the market. Essay will allow Best Buy to enter new market and develop new products under the same essays name and increase sales. Secondly, Best Buy plans to expand matrix business essay other countries.

By essay its operations geographically, this will guarantee the company more opportunities and a higher market share. The first threat is cutthroat competition from three analysis players, Amazon, Apple and Wal-Mart. Swot competition is stiff as essay leading giants increase inventory of products related to electronics. In addition, these retailers offer installation services and focus on increasing their market penetration. Another threat is essay matrix buy prices of rental equipment in America. The company also faces a risk essay low sales because of low desire for Americans essay make purchases.

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Weighted SWOT Analysis of Best Buy

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