Author Question: Best Buy is a retailer that is dominant in electronics. It offers an extensive selection of ... (Read 19 times)

natalie2426 · **on:** Jul 14, 2018

Best Buy is a retailer that is dominant in electronics. It offers an extensive selection of merchandise at its stores and online, with prices so low that smaller stores often cannot compete. Based on this information, Best Buy would be categorized as a:
A) department store.
B) supermarket.
C) convenience store.
D) warehouse club.
E) category killer.

Question 2

Laura wants to start a business, but she is unsure of the legal form best for her. Short of cash, she has decided to take the form that is the least expensive and most flexible in terms of decision making. She is not worried about liabilities because the business is small and she's personally insured. What type of business best fits Laura's needs?
A) Joint venture
B) Partnership
C) Sole proprietorship
D) Cooperative
E) Corporation