Many Changes in the Environment Occurred to Create the Need

question 193

Essay

Many changes in the environment occurred to create the need for the services of Best Buy's Geek Squad. Future changes are also likely to change the way Geek Squad operates. An environmental scan helps illustrate the changes. What are some of the key changes that are occurring?

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Definitions:

Goods in Transit

Merchandise or products that have been shipped by a seller but not yet received by the purchaser, present in the distribution channel.

Inventory Inclusion

The process of adding items to a company's inventory count, ensuring they are recorded as assets in the financial statements.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Perpetual System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.