Homework
I. List all the forms of pay you receive from work. Compare your list to someone else's list. (If you actually speak to someone, the person must be cited. This is what you would have in the paper: (First Initial. Last Name, personal communication, Month day, year). This would NOT be on the reference page. Explain any differences.
II. Thinking back to our discussion in the chapter section, Caveat Emptor-Be An Informed Consumer, evaluate whether the replacement of highly paid workers with lower-paid workers did or did not cause Circuit City to perform so poorly. How confident are you in your evaluation? Why?
III. Do you believe that the compensation changes at Best Buy are a major reason for its current difficulties?
IV. Why are Walmart, Sam's Club, and Costco doing better than Best Buy (and Circuit City)? Do they have high pay?
V. Are there larger problems in the competitive landscape for Best Buy that cannot be solved by compensation strategy changes alone? When customers look to buy electronics, what options do they have other than Best Buy and why would they choose these options over Best Buy? Where do customers "test drive" the product and where do they buy it? Can compensation changes address these challenges? Explain.
VI. Is Best Buy focusing too much or too little on cost reduction? Explain.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.