Scribd
Upload
51 views

Opada-Quiz - 2-27-21

Wal-Mart has become the world's largest corporation through applying strategies like low pricing and focusing on small towns ignored by rivals. It was also an innovator in logistics, information systems, and practices to increase productivity and lower costs compared to rivals. This allowed Wal-Mart to earn high profits while charging low prices. Through bar-code technology and scanners, Wal-Mart could track demand and adjust inventory accordingly in each store.

Uploaded by

Heidi Opada
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
51 views

Opada-Quiz - 2-27-21

Wal-Mart has become the world's largest corporation through applying strategies like low pricing and focusing on small towns ignored by rivals. It was also an innovator in logistics, information systems, and practices to increase productivity and lower costs compared to rivals. This allowed Wal-Mart to earn high profits while charging low prices. Through bar-code technology and scanners, Wal-Mart could track demand and adjust inventory accordingly in each store.

Uploaded by

Heidi Opada
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

OPADA, HEIDI P.

SBA- QUIZ #1 2/27/21 Test III.

Test I. Wal-Mart is one of the most


extraordinary success stories in business history.
1. D It has grown to become the world’s largest
corporation. In 2012, the discount retailer—
2. B whose mantra is “everyday low prices”—that led
3. B to large profit. The company’s average return on
invested capital is better that it’s well-managed
4. A rivals Costco and Target.

5. A Wal-Mart’s persistently superior


profitability reflects a competitive advantage
6. B that is based upon a number of strategies. Back
in 1962, Wal-Mart was one of the first
7. C
companies to apply the self-service supermarket
8. D business model developed by grocery chains to
general merchandise. Unlike its rivals such as K-
9. A Mart and Target that focused on urban and
suburban locations, Sam Walton’s Wal-Mart
10. D
concentrated on small southern towns that were
ignored by its rivals. Wal-Mart grew quickly by
pricing its products lower than those of local
Test II. retailers, often putting them out of business. The
company was also an innovator in information
1. change
systems, logistics, and human resource practices.
2. stakeholders These strategies resulted in higher productivity
and lower costs as compared to rivals, which
3. financial enabled the company to earn a high profit while
charging low prices. Wal-Mart led the way
4. Business Enteprises
among U.S. retailers in developing and
5. Food and Beverages implementing sophisticated product tracking
systems using bar-code technology and checkout
6. Business Problem scanners. This information technology enabled
Wal-Mart to track what was selling and adjust
7. Opportunity
its inventory accordingly so that the products
8. input found in each store matched local demand.

9. understanding
10. SWOT

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy