why wal mart works ?

Question

are these documentaries are true ? 1. wal mart :the high cost of low price 2. why wal _ mart works ?

Answer 1

Wal-Mart has put many business's out of business

Answer 2

The anti Wal-Mart hysteria is bunk. Wal-Mart has never driven any company out of business. CONSUMERS, who freely decide that they are better off shopping at a new Wal-Mart instead of settling for whatever they did before, put those companies out of business. This is how a free market works that serves consumers well. The only reason any business exists is to serve consumers.

Wal-Mart does NOT drive competitors out of business and then jack up prices, that's a myth. (If they did, competitors would just come back. Everybody wants to start their own business, people do it all the time). Far from it, Wal-Mart puts constant pressure on huge rich corporations to cuts costs on their products so that low-income Americans can buy everyday goods as cheaply as possible. Obviously this is a great thing -- literally taking money from the rich and giving it to the poor -- a very populist thing in fact, yet somehow fools have convinced themselves that it's corporate greed and bad for common people.

None of the anti-Wal-Mart crowd is sophisticated enough to examine and understand financial documents that public companies file -- but if they did they'd see that Wal-Mart maintains EXTREMELY low profit margins, even though they could easily fatten those without losing much business.

As for putting other companies out of business -- the Wal-Mart supercenter in my small southern home town created an incredible hub of commerce. About 30 to 40 other retail stores and restaurants, clinics, gas stations etc, have now been built around Wal-Mart as the anchor -- and that is more stores than previously existed in the entire history of my town, and they provide a range of goods and services that were previously quite unavailable in the town. That shopping area has created hundreds of jobs of course but most importantly, serves area consumers brilliantly. THAT's the real story about Wal-Mart, not that hate-filled socialist agitprop.

Answer 3

Use your own good judgment. These movies may take real facts, but distort or twist them to make whatever political point they want.

Judge what you see by your own experiences.

Does Wal-Mart employ a lot of low wage workers? Yes.

Does it take a high level of skill, education, and responsibility to wrangle carts in the lot, or greet people at the door? No.

I can tell you about my family's experience. An elderly member of my family has spent 30+ years working for a "local" grocery store as a cashier. She makes a very little more than minimum wage and has no health insurance coverage.

If she had hired on at Wal Mart 30 years ago, and served a similar time, she would be earning more per hour (likely $9.00 or more an hour by now) would ave health insurance, and could have participated in a discount stock purchase plan which could have funded a retirement she still can't afford.

Answer 4

I've seen the first. And Wal[Mart's a problem.

Once you have a successful store thats big & diverse enough to kill the competition, you can raise your prices for consumers and demand cheaper products from your suppliers.

Wal-Mart, and a lot of stores, will accept selling at a loss to gain market share. The Japanese auto industry did this.

Answer 5

wal-mart is putting out alot of stores and pretty soon there will only be mostly walmart and no where else to go because people want the cheapest things... :(

Answer 6

If Wal Mart continues unchecked it will ruin America

Answer 7

BECAUSE THEY CAN BUY IN LARGE QUANTIES FOR ALL OF THEIR STORES AND KEEP THE COST DOWN FOR US.