Business Summary of BESTBUY in Canada

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Business Summary of BESTBUY in Canada
Introduction
The paper discusses an overview of the BestBuy company which is found in Canada. The paper gives an introduction to what the company does. The company majorly concentrates in the production of electronics. It also explains the milestones and the success achieved. The paper ends with the mission statement and a collision.
What does the business do?
It is one of the biggest companies in Canada so far according to the World Bank rankings published in 2016 (Bailey). The company is said to be a multinational which specializes in satisfying the customers with electronic appliances. The business has many branches like in China and Mexico (Bailey). It also provides an experience in shopping that is unique to its customers. The company is committed to providing the best and latest information with technology about electronics (Bailey).
Major Milestones and success in the company.
There are quite many milestones set by the company through which it has achieved in the past few decades. For example, the company reached the milestone when it opened a new grand store making its 600th of the retail stores. The company is characterized by the success achieved as they changed from being a merchant business to a global company (Bailey). The company has recorded success through improved innovations and it has continuously expanded its branches.
Mission statement
The company is a growing business which aims at giving solutions faced by the consumers in the world market due to insufficient and inefficient products needed (Bailey).

The company has put more emphasis on its employees to solve the problem by producing high quality and reliable products to meet all the needs of the buyers (Bailey).
Conclusion.
BestBuy company has a wide number of services and products it offers to its consumers. Although their main aim is to satisfy customer needs, they have charged high prices than any other competing company in Canada (Bailey). It believes that the products are of high quality and so high prices should be charged to compensate the production costs (Bailey).

Works cited
Bailey, S. Best Buy: The largest consumer electronics retailer. Market Realist-2015. https://marketrealist.com/2015/01/best-buy-largest-consumer-electronics-retailer/