Wal-Mart Has Recently Opened a Store in Alsatia, Missouri

question 11

True/False

Wal-Mart has recently opened a store in Alsatia, Missouri. Several local small retailers have decided that choosing not to respond to Wal-Mart's competitive actions is a viable long-term option, because although the companies have high market commonality they have little resource similarity. These small retailers are correct in their decision.

---

Definitions:

Multinational Company

A corporation that operates and has assets in more than one country, allowing it to produce and sell goods in various markets.

Performance-Based Pay

A compensation system where employees' pay is directly related to their performance output or achievements, rather than time worked.

Cultural Values

The collective beliefs, behaviors, norms, and principles that characterize a specific culture or society.

Profit-Sharing Plans

A type of incentive program where employees receive a share of the company’s profits based on its performance, to motivate and reward them.