To help in its efforts in bagging big businesses, Best Buy is setting up a call center for inbound and outbound calls.
SWOT analysis will help to examine the condition of the company from internal as well as external. The company is enjoying the leadership in the market because of its highest share.
Because of its large operation, the company is able to capture the market and supply the products on spirited prices. Leveraging its large scale of operations, the company has been able to increase its bargaining power with consumer electronics vendors and offer more competitive prices. The company is capable of performing strong operations during last few years.
It revenues increase by This figure is much more then the average rate in the same fiscal year. The company has shown that the company is efficient enough to capture the large share of the market. Strong operating performance implies that not only was the company able to increase its market share but also its operational efficiency. It is the biggest weakness for the company. The company should not rely on one product. If the product is hotcake today, it can be outdated tomorrow.
Then it will harm the company as well as its revenues. The emerging trend of electronic items in the market is an opportunity for the Best Buy Company to accelerate their profits by offering them.
Best Buy Company has an opportunity to expand their business globally. As electronic items have a big consumer market, so there is also a chance of gaining more profits inside the other countries. Recently Best buy company opened there outlet in China. And it attracted a large number of buyers.
Electronic items are mostly luxurious items. And high income is depended on good economy. If the income of a person falls then he will definitely go for the basic items not for these secondary items. So at this point the company can lose the profits.
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