The High Cost of Low Prices A WalMart

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The High Cost of Low Prices A Wal-Mart Background

The High Cost of Low Prices A Wal-Mart Background

Wal-Mart History • Found by Sam Walton & his brother James “Bud” Walton. It

Wal-Mart History • Found by Sam Walton & his brother James “Bud” Walton. It first opened in Arkansas. It is now the largest retail company in the world. – 1948 – 1 Store – 1962 – 2 Stores (Incorporated) – 1979 – 276 Stores – 1985 – 882 Stores – 2005 – 6, 200 Stores = 312 Billion in Revenue – 2018 – 6, 363 Stores = 495 Bullion in Revenue

Wal-Mart Facts • Wal-Mart is the largest company in the world. • If Wal-Mart

Wal-Mart Facts • Wal-Mart is the largest company in the world. • If Wal-Mart were a country, it would rank 21 st in the world in terms of GDP (wealth) • Wal-Mart Annual sales in 2005 were higher than Target, Sears, K-Mart, JC Penny, & Kohl’s combined!

More Wal-Mart Facts • Wal-Mart accounts for 10% of all Chinese exports • If

More Wal-Mart Facts • Wal-Mart accounts for 10% of all Chinese exports • If Wal-Mart were a country, it would be China’s seventh largest trading partner.

Is Wal-Mart Evil? “Since the mid 1990 s alone, cheap imports from China have

Is Wal-Mart Evil? “Since the mid 1990 s alone, cheap imports from China have saved U. S consumers roughly $600 Billion and saved U. S manufacturers untold billions in cheaper parts and labor costs for their products”

https: //www. youtube. com/watch? v=jf-Sr 3 Sj. Bzk THE HIGH COST OF LOW PRICES

https: //www. youtube. com/watch? v=jf-Sr 3 Sj. Bzk THE HIGH COST OF LOW PRICES

As you watch… Consider the following questions: 1. Why can’t small businesses compete with

As you watch… Consider the following questions: 1. Why can’t small businesses compete with Wal-Mart? What advantages do they have over Walmart? 2. What incentives do local governments provide Wal-Mart to encourage it to come to their communities? 3. What negative effects does Wal-Mart have on communities? 4. How does Wal-Mart keep labour expenses low? How does it discourage Unions? 5. How does the film describe conditions in Wal-Mart factories in China? How might Wal-Marts business practices affect world business standards? 6. How does Wal-Mart effect the quality of life of its employees, communities, and the world?