Wal-Mart Phenomenon

Essay specific features

 

Issue:

Business

 

Written by:

James S

 

Date added:

January 26, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 804

 

Was viewed:

9333 times

 

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Essay content:

2 retailer in the world, France's Carrefour. Nearly 138 million shoppers visit one of the 4,750 Wal-Mart retail stores in the United States each week. This trade giant has eliminated tens of billions of dollars in cost efficiencies out the retail supply chain, passing the larger part of the savings along to shoppers as bargain prices...
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As noted in Business Week online (2003), New England Consulting estimates that Wal-Mart has saved U.S. customers $20 billion last year alone. Economists refer to the phenomenon as the "Wal-Mart effect" because of the suppressed inflation and productivity gains through the economy year after year. The power Wal-Mart has in the business world is clear and their low prices are great, but this dominance may have created problems for suppliers, workers, communities and even the American culture...
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