Walmart Walmart, the World's Largest Retailer by Revenue, Announced That It

question 86

Multiple Choice

Walmart
Walmart, 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 Walmart'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 Walmart.Many Walmart stores have a full line of groceries and general merchandise with a wide range of services,such as a pharmacy,portrait studio,optical shop,and bank.Walmart is an example of which type of discount store?

• A) Hypermarket
• B) Supermarket
• C) Extreme-value retailer
• D) Supercenter
• E) Category killer

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Definitions:

Equitable Assignment

The transfer of future rights to benefits in a contract to another party, recognized by equity courts.

Novation

The process of replacing an existing obligation with a new one, effectively transferring the rights and duties to another party.

Breach of Contract

The act of not executing any part of a contract, either written or oral, lacking a legitimate legal rationale.

Non Est Factum

A legal defense claiming a person signed a document without understanding its nature due to a fundamental mistake.