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Some people may wonder how, with such low prices, Wal-Mart can sustain such a large profit margin. Well according to Jim Hightower, that answer lies within Wal-Mart’s workforce. Hightower believes that Wal-Mart is tricking its workers into thinking they are, “one big, happy family,” when in reality those workers are being exploited. According to Jim, Wal-Mart is diverting their workers from the actual issues such as, “fair wages, hiring discrimination, or unionization.” This is backed up in the 2004 documentary aired by PBS called, “Is Wal-Mart Good for America?”
From shared operating and advertising costs to exposure to diverse customer demands. However, the ability to respond to changing consumer needs and a combination of wholesaling and retailing operations led to the biggest and most noticeable effect, lower prices to consumers. The heart of the Wal-Mart strategy was to aggressively plan, organize and outthink their competitors by providing the best products, values, and prices. The Wal-Mart mission and vision statement “Saving people money so that they can live better.” (Wal-Mart, Inc., 2017)
Wal-Mart is good because it produces products for consumers to buy at a low price. The low prices help people that can’t afford high price products to be able to buy what they need. Wal-Mart is probably the widest and strongest company in the U.S. business history. They have a great economy and they are the most admired company. Can you believe that Wal-Mart is the first company on the planet to report one quarter of a trillion dollars in sales $256 billion?
Some people believe walmart might be the greatest thing that happened to america and other might think that wal-mart is the worst thing that happened to america. I'm going to be explaining some pros and cons about wal mart and dig really deep into the store of walmart itself. First I'm going to start off with a couple pros on why walmart is good for america. One good reason why is because the economy of wal-mart fits in with low income families that can't afford to buy expensive merchandise.
The Shopper claims, “It's very convenient for me to be able to get a one-stop shop.” Customer don’t want to waste their time going far as they can find everything at one place and they can save money. Wal-Mart has more than thousands of items that are very useful for consumers for everyday use. Walmart stores has lower prices than
Since the company was founded as a corner store, the company’s business plan has always emphasized on expect more, pay less brand promise that sets it apart from its chief rival, Walmart. Although, Walmart is known for its low prices and offers a large selection to its customers; it’s customer service is often found to be nonexistent. This
The million-dollar question is “Is Wal-Mart Good for America?” After doing some research and watching “Wal-Mart: The High Cost of Low Price,” Documentary. The clear answer is NO, Walmart is not good for America, nor any other country in the world. Wal-Mart as a hole is one of if not the largest business on the planted making over 220 billion dollars a year and has a profit of over 7 billion annually. They claim to be for the people, with their “family friendly” ads.
Walmart is known to put other stores out of business and left unheard of. While this may be good for them, this is bad for those employees who work or those businesses. These people use these jobs to take care of their families, and Walmart is taking that opportunity away by trying to compete for the areas customers. Ethan Wolff-man stated “A 44-year-old grocery store in North Carolina saw a 30% sales drop immediately when a nearby Walmart opened a couple of years ago, according to a Bloomberg News story. Whenever the mom-and-pop supermarket cut prices, the Walmart would match or undercut them.
Is Wal-Mart Good for America? When people hear the word Wal-Mart, they usually think of low prices, convenience, and possibly a “one stop shop”. Most People believe the store is great, and in some aspects, it is, but what about the other aspects? I want to show you some of the downside of it, and how they hurt our economy, as well as our citizens.
Walmart is one of the biggest corporaations in America. They sell pretty much everything! Whether is TV's, clothing, food, house accessories, furniture, you name it, they got it. Everytime I walk into a Walmart, it's always full with customers theres never a time where its empty. How ever, their amazing sales is what catches the citizens attencion.
It’s hard to drive through a city in the United States without seeing the trademark bright blue sign indicating you are about to pass a Walmart. With a slowly shrinking middle class, more Americans are finding themselves in need of cheaper goods to support their families. Fortunately for these families fighting off poverty, or even the middle class looking to save a few pennies, Walmarts are continuing to pop up all over the place. In fact, 90% of people living in the United States, live within fifteen minutes of one. The rise in the number of franchises has led many people to ask themselves if this is actually good for America.
Records show due to Walmart is all around the place, gross domestic prices have gone up in an amount. Even though Walmart set up bad labor and gives bad opportunities to their employees, customers still thinks it is very convenient due to the low price. Since it is all around the corner, it is easy for people to walk in and walk out in any minute. The shopping carts are also a useful tool for customers to pick up their products, they also have small drive shopping carts for disables so they can even come to the store without any help. Nothing is better than Walmart in my opinion.
This seems like a smart marketing trick that is surely used in other retailers. And what really matters here is that the average American or even those who cannot afford buying things from regular superstores can actually enjoy shopping at Wal-Mart and buy just anything they need at preferential prices. This is the result of Asian-based imports where cutting costs helps Wal-Mart sell at the lowest prices possible thus being able to serve all classes of the
The company "Walmart" is one of the most influential companies in the retail trade. For over 10 years it became the largest chain of retail supermarkets in the United States. In addition, the position of Wal-Mart are strong and in other countries. "Walmart", since its foundation, pursues a strategy of low prices. This is the strategy through which it can offer products cheaper than other competitors.
Walmart, is an American multi-billion dollar low-cost retail organization that operates a chain of hypermarkets, discount department stores and grocery stores (Walmart, 2016). It also known as a multinational retail corporation, which started small, with the simple idea of selling more for less as a single discount store, has grown over the last 50 years into today’s largest retailer of the world (Our Story- About Us, 2016). According to Wikipedia (2016), Walmart is a family-owned business company, founded by Sam Walton in 1962 and incorporated on October 31, 1969. Headquartered in Bentonville, Arkansas, that organized under four divisions: Walmart U.S., Walmart International, Sam's Club and Global e-Commerce.
