What do you think Sam Walton's, founder of WalMart, ideas were in controlling pricing when he first opened up the Wal-Mart chains?© BrainMass Inc. brainmass.com June 3, 2020, 7:40 pm ad1c9bdddf
That was a good question and I spent some time reading biographical material on Sam Walton. It appears to me that he tackled the pricing problem from an entirely different perspective than one would think.
"After 17 years of operating franchise retail stores, Walton opened the first Wal-Mart Discount City in Roger, Arkansas, in 1962. He cut costs to the absolute maximum and passed the savings onto the customer. This was made possible by:
? properly ...
The solution cites and summarizes biographical material from Sam Walton's success in business. There are four relatively simply rules which apparently continue to be successful.