Best Buy is the company.

Using the information below, provide an explanation of how key international aspects impact the problems and ultimately the business. (Please number the responses accordingly.)

Perceived Problems:

1. Tough Competition: Best Buy confronts tremendous rivalry from both brick-and-mortar stores, such as Walmart and Target, and online merchants, such as Amazon. Intense competition has led to diminishing sales and profit margins in recent years.

2. Consumer Shifts: There has been a shift in consumer behavior towards internet buying and away from brick-and-mortar establishments. This has led to a reduction in foot traffic at Best Buy locations and a shift in sales towards online channels.

3. Dependency on Important Products: Best Buy has a considerable dependence on key products such as mobile phones and televisions for a substantial amount of their sales. This dependence puts the company at risk if there is a movement in consumer demand away from these products.