Wal-Mart Wal-Mart, the World's Largest Retailer by Revenue, Announced That It

question 125

Multiple Choice

Wal-Mart
Wal-Mart, the world's largest retailer by revenue, announced that it will get back to its founder's roots by initiating more price cuts. Critics claimed that the giant was getting away from its original focus because it posted relatively high gross profit margins. CEO Mike Duke assuaged critics by saying Wal-Mart's $400 billion in sales will become even larger because the price cuts will attract more customers and it will lower its costs of goods sold.
-Refer to Wal-Mart. In terms of ownership,Wal-Mart would be classified as a(n) :

• A) independent retailer
• B) chain store
• C) franchise
• D) discount store
• E) department store

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position.

Market Segment

A subgroup within a larger market, defined by its unique needs, preferences, or demographics, that businesses target with specific products or marketing strategies.

Corporate Governance

The system of control and performance monitoring of top management.

Performance Monitoring

The continuous process of tracking and evaluating the efficiency, effectiveness, and productivity of an organization or individual.