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Standards Of Other Companies In American History

1524 Words7 Pages

What companies have been the standard that all other companies are compared to in American History? Why? Throughout history, American culture has been controlled by the individuals who manage supply and demand. The first company to hold this power was Pennsylvania Railroad, an American Class I railroad established in 1846. Pennsylvania was the original model for transportation which allowed for them to control everything in regards to retail. They dictated what products would be shipped, where those products would be shipped to and the cost of how much the products would ship for. Because all retailers wanted to get their products across the country, the demand for transportation was high and supply was low, resulting in outrageously high prices …show more content…

The first of which is selling low price items with a low margin, but selling a high volume and increasing the number of purchases made at Walmart. The second idea includes the integration of GAFTA and advanced technology at Walmart. Through GAFTA, manufacturing occurs in countries around the world such as China or Japan, where the workers are not paid much, which results in low prices for the consumer. The use of technology at Walmart has allowed for them to have everything that they need exactly when they need it. Scanners are able to tell when a product is running low and automatically places an order for the product. This allows Walmart to have a constant supply and always fulfill the demand of the customer. It changed the way that business operated in America through completing the shift to push production, where the retailer is in charge over the manufacturer. Through low-pay workers around the world, Walmart is able to get and sell their products for a low cost. Walmart told companies like Rubbermaid to lower the prices of their products if they wanted them to be sold at Walmart and if they could not meet the expectations Walmart set, their contract would be terminated and the products from that manufacturer would no longer be

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