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Answer to Question #8729 in Economics of Enterprise for LaMarcus Streeter

Question #8729
“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.
Expert's 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

=[NO2]^2 /[N2O4] * (RT)
Kp=(0.01262)^2 /[N2O4] * 8.31*298

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