Who here doesnt like Wal-Mart? Options

[BlackCelicaGT94]

I dont know if you guys know what all goes into putting a Wal-Mart up but my goodness theres always a fight in every city to keep it out of their city.


Do you guys have any problems with Wal-Mart?


go to Walmart facts\

they have such a bad rap but i personally see nothing wrong with the company. They are an excellent company for wifes or family members of those who live on military bases. Gives people a chance to work.

[blu94gt]

I have mixed feelings about Wal-Mart. Yeah, they do have amazingly low competitive prices that drive lots of other businesses out of business, but look at it this way: I'm a college student. When I go grocery shopping, I can go to Dillons and spend about $60 a month on the groceries I use (with the Plus-card benefits). When I go to Wal-Mart, I can buy the exact same products and spend closer to $40. Plus Wal-Mart is open 24/7 and has everything else I need to buy. Granted I don't buy clothes or anything like that there, but they are helpful here in a college town.

Do you guys know why Wal-Mart can have such low prices? They sell such a large percentage of product compared to other companies that they can then go to the company and say that unless the company sells them the wholesale product for such and such low price, they won't sell it in their stores. The companies go along with it because their sales will significantly decrease if they don't have their products in Wal-Mart.

Oh and BTW, what section is the fiberglassing stuff in, I'm going to go after class and get some lol

[saleeka]

Well, I would like to think I have a decent understanding on economics, but I will say it seems that people think that price and cost are the same thing all too often... Yes, wal-mart is cheaper than competition, and in a sense of selling for less, they do come out on top. Like Jgreening said, they can help improve some people's quality of life because they can obtain more thanks to wal-marts low price. Wal-Mart is accredited to actually helping keep inflation down in this country because of their obsession with having the lowest price. My problem with this store is how they cause long term effects that are unseen to so many people. Wal Mart is the largest comapny in the world- therefore, they can buy in bulk in amounts other competeitors could only dream of, and reducing cost to the consumer. the problem with this lies in that non-corporate competition cannot compete in smaller communities. They cannot provide a competitive price, and therefore, dissapear. You can easily say that "well, they cost more so they lost", but wal mart is so powerful, its almost like dealing with a conglomerate- there just isnt a way to compete with them on any reasonable scale

Do you guys know why Wal-Mart can have such low prices?  They sell such a large percentage of product compared to other companies that they can then go to the company and say that unless the company sells them the wholesale product for such and such low price, they won't sell it in their stores.  The companies go along with it because their sales will significantly decrease if they don't have their products in Wal-Mart.[right][snapback]331690[/snapback][/right]

This is another point I dislike about wal-mart. Because they constantly demand that low price, many of the companies that they do business with cannot produce their product a a cost effective level here in the US, so they outsource jobs. Its a vicious cylce for the companies in that their profit margins also spread thinner when they cater to wal-mart- even though sales are strong, and the cost to produce is less since it's outsourced, the profit is very very slim per unit because of that low low price. Company grows larger in terms of sales, production, but profits dont match at the same rate.

With the huge obsession with that cheap price, comes concequences. Wal-Mart is probably one of the biggest contributors to a "globalized economy" I can think of, simply because of the power it has in its marketplace. That alone has strong rammifications to us here in the US and the economy...

[BlackSTX]

With the huge obsession with that cheap price, comes concequences. Wal-Mart is probably one of the biggest contributors to a "globalized economy" I can think of, simply because of the power it has in its marketplace. That alone has strong rammifications to us here in the US and the economy...
[right][snapback]331703[/snapback][/right]

Wrong. Wal-Mart is a contributor to a globalized economy, but so are good old american companies like GM, Ford, GE, and IBM, as well as companies like Toyota and Nissan, and thousands of others. If you don't understand economics, especially globalization, you should read "The Choice." It's only like 100 pages. It tells why globalization is good and how protectionism is bad. Outsourcing jobs enables Americans to attain better jobs than they would have had. For example, instead of working in a factory, I went to college and am now an accountant. Getting a college degree wouldn't be so important if we all had nice, secure, high paying jobs that required no skills.