Answer to Question #8729 in Economics of Enterprise for LaMarcus Streeter
“Best Buy” competes aggressively on price with rivals such as Costco Wholesale, Sam’s Club, Wal-Mart, and Target but is also known by consumers for its first-rate customer service. Discuss how you would characterize Best Buy’s competitive strategy. Should it be classified as a low-cost provider, differentiation, or best-cost strategy? Explain your answer.
Kp = Kc(RT) Kc=[NO2]^2 /[N2O4]
[N2O4] is unknown. In the case when the concentration [N2O4] is known, the constant will have the form