The competitive strategy describes the long-term action goals or plans a company has to gain competitive edge over its competitors in the market. Best Buy’s competitive strategy helps them set apart from the rest of their competitors and help them build a strong action plan to increase their chances of success. They are exceptionally knowledge about products including exact location and the latest devices that in store use. Base on the text there are five generic competitive strategies. A low cost provider strategy, a broad differentiation strategy, a focused low-cost strategy, a focused differentiation strategy and a best-cost provider strategy. Best buy Characterize their competitive strategy as a broad differentiation strategy.
A broad
A broad