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Hi, I am looking for someone to write an article on wal-mart: an overview of the company Paper must be at least 1500 words. Please, no plagiarized work!
Hi, I am looking for someone to write an article on wal-mart: an overview of the company Paper must be at least 1500 words. Please, no plagiarized work! The company is powerful with a strong showing in both the United States markets, as well as in global influence. The position that Wal-Mart holds within the world is both powerful and unique, with little competition from those who would try to compete.
The basic principle behind the discount store Wal-Mart is to save. An example of this is the cardboard box that used to surround deodorant products. Once upon a time, a consumer bought deodorant that was housed in its own individual cardboard box. That little box cost a nickel, but Wal-Mart executives took a look at that box and realized it served no real purpose. So, in the early 1990’s, Wal-Mart asked manufacturers to eliminate the box, and it was done. This savings, a little passed to the consumer, a little to the manufacturer, has saved over $10 million dollars, and one can go into any discount store and notice that deodorant no longer comes in boxes (1). This is the identifying example of how Wal-Mart has made significant changes in the world.
This is what Sam Walton wanted when in 1962 he opened his first store in Rogers, Arkansas. The idea of saving money for the consumer by buying in high volume is central to the core principle of the business model. The company was incorporated in 1969 with the shares becoming traded two years later. By the end of the 1970’s, there were 276 stores in 11 states. The opening of Sam’s Club, a membership-oriented division, occurred in 1983 and by 1988 the predominant model, the superstore, was opened which includes a grocery within the greater store area. Currently, there are 8,446 stores in 15 countries under 55 different banners. The fiscal sales for 2010 were $401 billion USD while employing 2.1 million associates across the world (2).
The key to the product line for Wal-Mart is in its wide diversification. Upon walking into the store, one can purchase both a car tire and fabric to make a dress.
