I think that this can be very helpful for Best Buy. By starting this price matching people will not need to shop around and can buy more products in the store at once and not have to go to other places. I think it will help them financially because even if they are selling products for cheaper than desired they will overall be selling more products, which will make up for and hopefully overcome the difference. Another reason why I believe this will be successful is because the Home Depot has a similar policy and it has worked out very well for them. They have and meet and beat policy where they will be a competitors price and then beat it by an addition 10 percent. Although there are some restrictions it had worked out very well for them. They are the number one home improvement store so they are obviously doing something right. Although Best Buy and Home Depot are two completely different companies this policy I feel can greatly help Best Buy. This will create more people coming into the store and more products being sold. It make take time for it to catch on but I do feel that it will be successful.
Do you feel these price matching policies work better in the long or short run?
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