Whois & Analysis for bestbuybusiness.com

Best Buy Co., Inc. is a U.S transnational consumer electronics corporation headquartered in Richfield, Minnesota, a Minneapolis suburb.

Internationally, it also operates in Canada and Mexico.

It was formerly operational in China until February 2011 (when the faction was merged with Five Star) and in Europe until 2012.

The company was founded by Richard M.

Schulze and Gary Smoliak in 1966 as an audio specialty store.

In 1983, it was renamed and rebranded with more emphasis placed on consumer electronics.

In marketing, a product is anything that can be offered to a market that might satisfy a want or need.

In retailing, products are called merchandise.

In manufacturing, products are bought as raw materials and sold as finished goods.

A service is another common product type.

Industry is the production of goods or related services within an economy.

The major source of revenue of a group or company is the indicator of its relevant industry.

When a large group has multiple sources of revenue generation, it is considered to be working in different industries.

Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies.

This came through many successive rapid advances in technology, such as the production of steel and coal.

Freight transport is the physical process of transporting commodities and merchandise goods and cargo.

The term shipping originally referred to transport by sea, but is extended in American English to refer to transport by land or air (International English: "carriage") as well.

"Logistics", a term borrowed from the military environment, is also fashionably used in the same sense.

In economics, a service is a transaction in which no physical goods is transferred from the seller to the buyer.

The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.

Public services are those that society (nation state, fiscal union, region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service providers benefit service consumers.