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Best Buy External Environment

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Best Buy External Environment
Best Buy is a part of a very competitive and popular industry. Best Buy could be placed into many different industries such as entertainment, electronics, appliances, etc. The industry sector of Best Buy’s external environment is made up of several different factors such as competitors, competitiveness, industry size, and other related industries. The factor in the industry sector that has the biggest impact on a business would most likely be the competitors. Although Best Buy may not have direct influence on their competitors, it's important that Best Buy monitors their business moves and implement effective strategies to put them ahead of others in the same industry. Competition can truly make or break a business. A positive impact on Best
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