It has more than 5000 stores all over the world. It employs about 1.5 million people. It attracts about 100 million people per week. According to the traditional system of retailing, the manufacturer would decide how much…
Download file to see previous pages...
Wal-mart is driven by the objective that they should serve their customers to the best way possible keeping the costs as low as possible but still earn a reasonable amount of profit. Wal-mart ends up reducing the wages and encouraging relocation elsewhere to meet the motive of low cost1,2.
The first point is that Wal-mart introduced a “pull” system of retailing. This means that Wal-mart would direct the manufacturers regarding what to produce and how much to produce. While studying macroeconomics, the first three basic questions that are asked are - what to produce, how much to produce and for whom to produce. In this case, also Wal-mart decides what consumer goods the manufacturers must produce. Wal-mart also instructs them regarding the quantity that is to be produced. Wal-mart, as any other company will want to maximize its profit level. For attracting more customers, it keeps the price of the goods at a low level. However, if prices are kept low then the profit level of the company must also be low. However, this does not happen because the company reduces its cost of production. One way of reducing the costs that has been adopted by the company is by paying low wages to the workers. In 2005, the average weekly wage was $8. While the average hourly wage rate is $8.23 on average, the average supermarket hourly rate is $10.35. In 2001 there was discrimination between female and male workers –“the average male employee was paid about $5000 more per year than the average female full time employee”3. In order to protect this low wage policy, Wal-mart does not support the formation of unions. In the year 2000, when a meat-cutting department built up a union at Wal-mart in Texas, the commercial giant phased out the department meticulously. Hence the largest private sector in Europe is free from any union. According to estimates of January
...Download file to see next pagesRead More
In such papers, there also has to be proper citations of all the sources used. In many cases, students will lift entire sentences from books they have read or use ideas of other people to develop their arguments. This is viewed, in many academic quarters, as plagiarizing another person’s ideas or thoughts.
The mortgage company offers him loan for an interest rate of 5% and also requires him to pay a down payment of 20%. Though Mr. Block can pay more down, he is thinking of paying $400,000 from his savings and go on loan for the remaining cost.
Mr. Block doesn’t want to
The mere fact that the virtual world consists of pure illusion, any sort of perpetual happiness it assumes to have may not hence be claimed to guarantee good.
We have all lived in a world of real circumstances heretofore and though human beings naturally possess the capacity
rs and or students must be in a position to locate the most appropriate and assorted information sources and evaluate them to determine their usefulness as well as their credibility (180). This paper is set to talk about how these useful and credible sources can be located and
Surprisingly, the author of the novel was born and brought up in the Puritan family where such things were considered to be a sin. Controversies faced by main characters in the plot reveal Hawthorne’s attitude to
ritical given that continued globalization improves companies’ cognitive capabilities coupled with the requirement to adopt appropriate means of planning, managing, and monitoring contribution of the embraced cognitive resources to the business goals. However, most
ls to them to support his bid for nonviolent action, emphasizing on those religious figures who are based in proximity to areas that racial injustices are highly prevalent. In his letters, King insists for nonviolent action as the most appropriate and future undertaking of the
11 Pages(2750 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic There is more than one topic(choose what you want from them) for FREE!