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Economics Walmart Video Study Guide Questions and Answers Graded A+
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Economics Walmart Video Study Guide
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Economics Walmart Video Study GuideSam Walton - answer Who was the founder of Walmart?
256 billion - answer Walmart made a quarter of a trillion dollars
($_______________________) in sales.
One IBM
One Hewlett-Packard
One Dell computer
One Microsoft
One Sysco System - answer The $256 billion dollars amounts to what 5 things?
Bentonville - answer Where is Walmart's head office located in?
100 - answer Walmart serves _______ million consumers per week.
Texlon - answerThe ______________ barcode scanner help Walmart stores keep stock
of all the items they carry in their stores.
It involves manufacturers deciding what to produce and trying to get retailers to buy it
and sell those products for them. - answerWhat is the push production system?
It involves retailers deciding what is being sold and then telling manufacturers what to
produce and when to produce the products based on what is being sold. - answerWhat
is the pull production system?
The retailer is more powerful than the manufacturer and the manufacturer has to do the
bidding for the retailer. - answerHow has Walmart reinvented the 100 year business
model between manufacturer and retailer?
Walmart refused to take the price increase from Rubbermaid and that resulted in
Rubbermaid products being dropped from shelves. Over 1,000 jobs were lost because
of this. - answerWhat did Walmart do to ultimately squeeze Rubbermaid out of
business? What impact did that have on the community?
The demise revealed how much people were starting to care more about the price of a
product rather than the quality of the product and the people who produced those
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