What kind of demand does Walmart's products have? Does it vary by season?
Also, what market segment does Walmart target?© BrainMass Inc. brainmass.com April 3, 2020, 10:59 pm ad1c9bdddf
What kind of demand does walmart's products have?
- The greatest percentage of Walmart products have a very elastic demand. The company tries to keep prices low because the demand is elastic. There are many substitutes for the greatest majority of products and services that are found in a local Walmart, with only a few exceptions. Walmart realizes that because demand for their products is highly elastic, consumers will only be willing to use ...
The solution discusses the kind of demand that Walmart's products have, if it varies by season, and also discusses what market segment Walmart targets.