Walmart and other local stores have competed for the existing markets for a long time. For
Walmart to be considered better, they have to gain a competitive advantage over the local stores.
The different ways of gaining a competitive advantage can be met in numerous ways, including
pricing, commodity freshness, level of customer service, and the presence of after-sale services.
Therefore, the consumer has always had the question of what is the best to shop, and therefore,
this paper will compare the best place to shop between Walmart and local stores.
The contrast between Walmart and Local stores
Walmart, after its inception, has focused on providing the consumer with the best commodity
prices in the market. This means the management’s top priority has been giving the consumer the
lowest prices on products and, therefore, a way to gain a competitive advantage over local stores.
According to research conducted by Niedt, Walmart offers a better price on their goods and
groceries (Niedt, 2021). In a world that one has to maximize reducing the cost of living, Walmart
provides a perfect opportunity for shoppers to actualize this. The local stores also use this
strategy, but others are focused on a specific market, be they high class or low class.
Similarly, gaining a competitive edge requires both the local stores and Walmart to ensure that
they have the consumer's needs in mind. However, since many people own local stores as
business startups, it is normal to find them more in number than Walmart (Boyd, 2017). This
makes local stores more convenient than Walmart as they are easily accessible (Hicks et al.,
2019). Walmart runs ten thousand stores globally while local stores are more than three million.
Particularly, convivence is not all that matters to the consumer as their culture and health needs
can influence their choice. Therefore, the customer needs can shift the competitive edge towards
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller allen1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.