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Walmart Guide Questions with Solutions
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Exam of 2 pages for the course Walmart at Walmart (Walmart Guide)
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Walmart GuideFounder of Walmart - answer Sam Walton
How much did Walmart make in sales - answer256 billion - quarter of trillion
Where is Walmart's headquarters? - answer Bentonville, Arkansas
How many customers per week - answer100 million
What keeps stock of all the items in the store – answer Telzon barcode scanner
Push production - m - answer Manufacturers decide what they are going to produce
then Rey to get them bought and sold
Pull Production- r - answer Retailers decide what is being sold and tell manufacturers
what to make.
What is Bentonville referred to as – answer Vender Ville
How did Walmart reinvented business - answerRetailer is the center and power, and
manufacturers have to do their bidding
What did Walmart do to push rubber maid out of business - answerBecame their
biggest customer. When Rubbermaid increased price, Walmart took away their
volumes. This caused corporate values to pass away.
Death of corporate values - answerRubber made innovation high road, and Walmart is
low road driven by low prices.
What are new values? - answerLow road driven by low prices
1970 - answer38 stores
1980 - answer276 stores
1990 - answer1500 stores
When did Walmart become the biggest retailer - answer1991
What event cause a series of problems - answerSam Walton died and stock price
plummeted
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