Walmart Questions (Day 1) (Answered) With Complete Verified Solution

Walmart Questions (Day 1) How would you characterize the industry structure of discount retailing? - CORRECT ANSWER-- low margins, bare bones, self service How favorable is the structure of this industry? Explain. - CORRECT ANSWER-Favorable - Can operate on a bare bones level, customer self service as they are more informed. No need to to invest in a high quality atmosphere - Do not need to spend on employee training (can pay lower wages) Identify Walmart's early strategy and explain how/why it enabled Wal-Mart to be so successful in discount retailing - CORRECT ANSWER-Walmart Strategy - target areas of low competition (sm rural towns) ... customers can "shop at home" - customer loyalty and tech advances allowed walmart to identify, monitor, track and trait - tech superiority - Low prices lead to high volumes of sales which leads to lots of data - Sam Walton's leadership style -Buy American initiatives -Private label brands