Purchase Solution

walmart

Not what you're looking for?

Ask Custom Question

Discuss supply and demand as well as elasticity concepts of Walmart. Incorporate these concepts to validate how the company establishes its pricing strategy. Analyze the company based on the following points:
1 Provide a brief introduction Walmart: corporate office location, years in business, revenue, areas and number of worldwide locations.
2 List the utility of products and/or services that Wamart provides to the consumers.
3 Identify and enumerate the factors affecting supply, demand and price for the products and/or services of Walmart.
4 Examine whether demand for that products and/or services is relatively price elastic or relatively price inelastic and explain why?
5 Suggest initiatives to improve revenue of the selected company based on your analysis. Prepare a report of 750-1,000 words. Use the points mentioned above to analyze Walmart.

Purchase this Solution
Solution Summary

This answer provides you an excellent discussion on walmart

Solution Preview

Discuss supply and demand as well as elasticity concepts of Walmart. Incorporate these concepts to validate how the company establishes its pricing strategy. Analyze the company based on the following points:
1 Provide a brief introduction Walmart: corporate office location, years in business, revenue, areas and number of worldwide locations.
Wal-Mart owns and runs a chain of discount stores. The corporate office of Wal-Mart is located at Bentonville, Arkansas. Since Wal-Mart was founded in the year 1962, it has been in business for 47 years. Its total revenue for the year ended 31st January 2009 was $405.6 billion and its net income was $13.4 billion. Currently, Wal-Mart has more than 8,100 retail outlets under 55 different brands in 15 countries. Presently, Wal-Mart employs 2.1 million employees all over the world.
2 List the utility of products and/or services that Wamart provides to the consumers.
The utility of the products/ services that Wal-Mart provides to its customers are very low prices to the consumer. In other words the customers get value for money, whether they purchase groceries, clothing, or other items, they are assured of quality plus the lowest prices in the market.
Additional utility that Wal-Mart provides is the assurance that once a person visits a Wal-Mart stores he can find most of his requirements in one store. In addition, he can be assured of excellent prices. Wal-Mart has been able to offer the best prices in the market because of its world-wide sourcing, economies in purchasing, and computerized tracking of sales and supplies. The availability ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

View More Free Quizzes
Related BrainMass Solutions

  • Comprehensive SWOT Analysis on Walmart

    Walmart Walmart has been a market leader and a great retail giant. Walmart is the largest retailer and with unparalleled measure will continue to empower maintaining their market position.

  • Do you consider Walmart a company that has a positive or negative social reputation?

    The communities which Walmart chooses to trade in typically flourish, as a result of synergies with other businesses. Walmart does not shutter existing businesses. Consumers flock to Walmart for better prices.

  • Human Resource Management

    Current focus of Walmart: Walmart is focusing on making more profits through increasing its sales in the market. Walmart is currently focusing on Hunger Relief.

  • Target Corporation: Liquidity and Efficiency

    Walmart (competition) Target is more liquid than its main competitor, Walmart.

  • Digital Marketing: Industry, Company, and Pandemic

    In 2017, Walmart acquired Moosejaw outdoor retailers, Walmart sought to leverage its online business by offering in-store pickup for online orders. In 2018, Walmart acquired a 77% controlling share in the website Flipkart for $16 billion.

  • The Social Reputation of Walmart

    The communities that Walmart chooses to trade in typically flourish. Consumers flock to Walmart for better prices. Walmart offers consumers more selection, better prices, and lots of free parking.

  • Business Strategy Analysis of Wal-Mart

    Walmart's Culture - Walmart refers its employees as Associates and as stated by Bill Simmons, the President and CEO of Walmart in U.S that "every associate can achieve their dream at Walmart." (Walmart, 2012: n.d).

  • Have there been any complaints against Walmart?

    474476 Walmart Company Analysis - Have there been any complaints (legal, consumer employee) against Walmart? - What does Walmart specialize in? - Where does Walmart make its products?

  • Walmart Pricing strategy

    615161 Walmart Pricing strategy Pricing Strategy of Walmart Term Paper: The term paper should be approximately 1,000 words in length. Should include a title page and bibliography. Term Paper topic: Pricing Strategy of Walmart.

  • Operations Management and Supply Chains

    Walmart's operations are organized into three divisions: Walmart Stores, Sam's Club and Walmart International.

View More Related Solutions