Answer:
External forces
Explanation:
Best buy is an electronics retailer that aspires to improve customer's lives through technology. They have over 175+ store locations.
However they have been facing challenges in the market with other playera like Circuit City, CompUSA and RadioShack not surviving.
The challenges faced by Best Buy is mostly as a result of external forces in the form of competition with Walmart and Amazon. Resulting in the loss of their share value.
Walmart and Amazon have been able to capture a large part of the electronics market.
Other problems like leadership scandals and inefficient processes also contributed to their problems.
Answer and Explanation:
The computation of the percentage of change is as follows;
a. For 2020 to 2021
= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)
= ($473,000 - $503,000) ÷ ($503,000)
= -5.96% decrease
b .For 2021 to 2022
= (Net income in 2022 - net income is 2021) ÷ (net income in 2021)
= ($521,000 - $473,000) ÷ ($473,000)
= 10.15% increase
In this way it is calculated
Answer:
C) Specialty product
Explanation:
Specialty products are products that customers actively seek to buy because:
- the products possess unique or outstanding characteristics (e.g. luxury goods or sports cars).
- brand loyalty: loyalists have a strong preference for certain products and they will go out of their way to visit a store just to buy that product.
Consumers who purchase specialty products know what type of product they want and don't mind to spend time searching for that product.
Answer: C - Crowdfunding
Explanation: Investors, loans, and selling products and services would not gain them enough financial support, whereas crowdfunding will in an efficient way.
