Monday, February 18, 2013

In repsonse to William Redding's question "Do you think this is a good market strategy for Best Buy? Do you think this policy will help with Best Buy's poor stock performance?"

I think this market strategy will be effective for Best Buy. If Best Buy has compition that is offering cheaper prices for goods they sell, then no one will go to Best Buy to buy their products. If they match anyone else, then this garuantees that you can always get the cheapest deal at Best Buy. Best Buy will take in more sales, which will turn inventory faster, and generate more profit. Enough profit for them to get back in the stock market and make a difference in their performance.

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