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Corporate social responsibility - Walmart

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Economists define costs in terms of opportunities forgone. What opportunities are forgone by Wal-Mart's "everyday low price" marketing strategy? Who pays the costs of Wal-Mart's low prices?

Wal-Mart's wages are above the legally required minimum wage, and health benefits are not legally mandated. Are there reasons for a business to take actions not required by law but which might reduce profits?

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Solution Summary

A discussion on the corporate social responsibility at Walmart, including opportunities forgone.

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1. Among the marketing opportunities is the ability to focus more on the broad range of items some departments have such as the electronics department where one can get items from clock radios to computers to blu Ray and dvd players to televisions. Clothing by specific designers are not a focus for ...

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