Best Buy

Best Buy History

The company was founded on
August,22,1966 in Minnesota
(United States).

Richard Michael Schulze is an
American business magnate who
has earned a fortune in the billions
of dollars. He is the chairman and
CEO of Best Buy, which he
founded. With a net worth of $2.4
billion, he placed 722nd on the
2016 world’s list of billionaires.

How Did Best Buy Start?

Richard M. Schulze and a business
partner launched Sound of Music
In St.Paul, Minnesota, on
August,22, 1996, as an electronics
store specializing in high-fidelity
stereos. Schulze used personal
funds and a second mortgage on
his family’s house to fund the
opening of his first business.

Where Is The Best Buy Head Office
Located?

The Best Buy Head Office is
located in Richfield, Minnesota,
United States

Best Buy Products Sold

-TV & Home Theater
-Audio
-Musical Instruments
-Car Electronics & GPS
-Cameras, Camcorders & Drones
-Computers & Tablets
-Movies & Music
-Video Games & Gaming Consoles

Best Buy Slogan

"Expert Service, Unbeatable Price"

How Does Best Buy Deliver?

To ship items, Best Buy uses UPS,
FedEx, and the US Postal Service.
OnTrac, Lone Star Overnight (LSO),
Deliv, Shipt, and Roadie, are some
of the other carriers they use to
carry things in certain areas.

How Does Best Buy Improve The
Environment?

Best Buy’s plan is to decrease
carbon emissions in operations by
75%, Best Buy’s goal is to be fully
carbon neutral by 2040.

What Natural Resources Are Used?

The most used Natural Resource
Best Buy is using would be
Electricity. Best Buy mostly uses
Electricity for their products
because it's an electronics store
where they sell products like: TV’s,
Phones, Computers, Etc.

What RAW Materials Are Used?

The electronics industry works with
many different metals, plastics, raw
materials, and chemicals. Copper
lithium, tin, silver, gold, nickel, and
aluminum are just a few of the
more commonly used metals.

What Capital Is Needed?

Liquid Capital - Despite a -8.47
percent repayment of creditors, the
Leverage Ratio increased to 4.8 in
the fourth quarter, a new high for
the corporation. Six other
businesses in the Technology Retail
industry had a lower Leverage
Ratio than Best Buy Co Inc in the
fourth quarter of 2021.Meaning
high Leverage.

Capital Goods

There are 164 Best Buy stores
located in Canada

What Labor Roles Are Used In Best
Buy?

-Operations Manager
-Sales Representative
-Special Agent
-Sales Analyst
-Analyst technique