Question

DATA ANALYTICS

You have been hired by Best Buy to evaluate the financial viability of the company’s kitchen appliance product line. The company is looking for an independent perspective about this aspect of its business and has offered to share any data you deem relevant. Best Buy has 1,000 stores in the U.S and 50 in Mexico.

In thinking about your approach to provide Best Buy with useful financial information about the kitchen appliance product line, describe:

1. Generally, what do you need to know about the product line?

Answer 1

The situation here is " You have been hired by Best Buy to evaluate the financial viability of the company’s kitchen appliance product line. The company is looking for an independent perspective about this aspect of its business and has offered to share any data you deem relevant. Best Buy has 1,000 stores in the U.S and 50 in Mexico".

There are several information about a product lines that need to be known that would be useful financial information.

Information about the production cost is very necessary to be known. Certain information about stakeholders and other creditors is to be known.
While the business is expanded over many parts all the accounting about the business is to be known.
Proper management of financial and managerial accounts is required.