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Submitted by aporterdance on April 24, 2008
Category: Business
Words: 2848 | Pages: 12
Views: 74
Popularity Rank: 85,596
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Wal-mart is the biggest chain of retailer and consumer, which provides a large number of quality products under one roof. These include grocery clothing, pharmacy, toys, hardware and various CDs, DVD Musical instruments, consumer electronics, books etc. etc. Moreover, every Wal-Mart possesses McDonalds where people can eat and have a break while shopping. It also contains a photo shop so people can do shopping while their photos get ready.
Wal-Mart is basically an innovative creation of Sam Walton who opened the first Wal-Mart store during 1962. It is publicly traded under the New York stock exchange and recognize by the symbol WMT. The secret of the international economic aspect of Wal-Mart is hidden in the number of shareholders associated to it, which are from many economically developed countries of the globe. These shareholders till the end of this year are estimated to be around 333,604 as a common stock of Wal-Mart. So Wal-Mart basically works in economic collaboration with other states where consumers get a large range of discounted products that include mostly stocks and a small percentage of premium products.
Another interesting aspect of Wal-Mart is the SAM’S Club, which requires a membership and provides products on further discounts. This is basically a warehouse club owned by Wal-Mart. Moreover, it also operates via various super-centers that include a variety of grocery markets. Not only a large variety of products under one roof with discounted price is the source of attraction of Wal-Mart but also its customer services attract the people. There customer service also includes exchange of their products even if a customer comes back after a month. The key to any successful business is meeting the demand of the very customers, maintaining the quality of products and a reasonable prize along other satisfactory demands of the valuable customers. All these together are a part of Wal-Mart. At the same time the new concept introduced by...
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