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Online Shopping vs

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Questions and Answers

What is the reason for Best Buy's recent layoffs?

A decrease in the number of stores across the U.S. and Canada

A shift in focus towards adding more customer-facing employees

A decrease in the overall number of employees due to the Covid pandemic

A decrease in consumer electronics sales and an increase in online shopping (correct)

What is the reason behind Best Buy's decision to lay off store workers?

The company is restructuring its management team.

The company is expanding its physical stores and needs to cut costs.

The company is facing a shortage of workers due to the pandemic

The company is experiencing a surge in online sales and a decline in consumer electronics sales. (correct)

What is Best Buy's plan for the future?

To focus solely on online sales and close all physical stores

To invest in growing areas, such as its Totaltech membership program and health business (correct)

To decrease the number of customer-facing employees to cut costs

To decrease investments in growing areas and focus on selling only big-ticket items

What did Best Buy say in its statement regarding the layoffs?

It is evolving its stores and experiences to reflect changes in customer shopping behavior. Signup and view all the answers

What percentage of Best Buy's U.S. sales came from its online business in the fiscal year that ended in late January 2021?

33% Signup and view all the answers

Which news outlet first reported the layoffs at Best Buy?

The Wall Street Journal Signup and view all the answers

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Description

"Is Online Shopping Taking Over? Test Your Knowledge on the Shift in Consumer Behavior and Best Buy's Layoffs" - Take this quiz to see how much you know about the rise of online shopping and its impact on traditional brick-and-mortar stores like Best Buy. Learn about the factors contributing to the shift in consumer behavior and the challenges faced by retailers. Test your knowledge now!