I’m stuck on a Business question and need an explanation.
Case 4.3 “One Nation under Walmart”
The majority of huge corporations such as Nike, Coca-Cola, and Johnson & Johnson are familiar contemporary capitalism. Walmart represents something new in relation to the economy. It is the company that has achieved its power not in production but in retail. Walmart is known for its affordable low prices. Everyone loves these prices, but not everyone loves Walmart. Why not? (Shaw, 2017, p. 148). R
- Do you like Walmart? Do you shop there? If so, how frequently? If not, why not?
- Is there a Walmart store in your area? If so, has it had any impact on your community or on the behavior of local consumers? If there’s no store in your area, would you be in favor of Walmart opening one? Explain why or why not.
- Is Walmart’s rapid rise to retail dominance a positive or a negative development for our society? What does it tell us about capitalism, globalization, and the plight of workers?
- Can a retailer ever become too large and too powerful?
- Is opposition to Walmart’s expansion a legitimate part of the political process or is it unfair interference with our market system and a violation of the company’s rights? Do opponents of Walmart have any valid concerns?
- In 2015, Walmart raised its minimum wage to $9 per hour (up from the federal minimum of $7.25). Why do you think Walmart did this, and what impact do you think it will have?