Looking for information on Price and Price elasticity of demand with information on how to chart or graphic the two. This information is on the topic of Best Buy.
Prices, and Price elasticity of Demand
Analyzing the current market conditions of the organization/industry you selected during Week One. Address the following 10 current economic conditions in your analysis:
Impact of new companies entering the market
Productivity (consider the law of diminishing marginal productivity)
Operational Cost structure
Price elasticity of demand
Supply and demand analysis
Impact of government regulations
Best Buy which was incorporated in 1966 is a chain of specialty retailers which primarily deals in consumer electronics, home office products, entertainment software, appliances and related services. Geographically the company is divided into two segments, Domestic and International. Within the two segments there are various other business segments such as Consumer Electronic, Home office, Entertainment software, Appliances, and Services. As of February 2009, the company had approximately 1,100 stores throughout the United States. The company has employee strength of 155,000.
Detailed answer attached.