Compensation (12th Edition) by Newman, Gerhart, & Milkovich Your Turn—The Role o

Question

Compensation (12th Edition) by Newman, Gerhart, & Milkovich Your Turn—The Role of Labor Costs in Retail Electronics

Are there larger problems in the competitive landscape for Best Buy that cannot be solved by compensation strategy changes alone? When customers look to buy electronics, what options do they have other than Best Buy and why would they choose these options over Best Buy? Where do customers: test drive” the product and where do they buy it? Can compensation changes address these challenges? Explain.

Explanation / Answer

the mentioned problems not only solve with compensation strategy, they may need some other plans which can be implement and make productivity. there are many alternatives people have to buy electronic goods from market, for example amazon.com, the largest online seller of all kinds of goods, and bonanza.com, wix.com and so on.

online buyers only receive the product and later they will check and observe the performance of the product. once they satisfied then only they will retain the item, if they are not satisfied with any aspect or performance of the product, then simply they returned the item.

compensation changes and strategies are complete different from the above said problems, hence this strategy can not be the solution to the problem.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.