Wal -Mart's Main Strategy Is

question 91

Multiple Choice

Wal -Mart's main strategy is

• A)to pursue a strategy that focuses on partnering with other retailers.
• B)to focus on being a "high tech" retailer.
• C)to focus on a specific niche market.
• D)to focus on being a low price retailer.
• E)to pursue a product differentiation strategy.

---

Definitions:

Units of Output

are the measurable quantities of goods or services produced by a firm or economy.

Maximization of Profits

The process by which a company determines the price and output level that generates the most profit.

MP

Marginal Productivity (MP) refers to the additional output resulting from the use of one more unit of a production factor, keeping other inputs constant.

Imperfect Competition

All market structures except pure competition; includes monopoly, monopolistic competition, and oligopoly.