This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Although it is efficient and easy for Wal-Mart to give customers low prices, the benefit to their company of making a large profit is not necessarily best for society. Without taking externalities into consideration, the total cost is much greater than just the private costs of the company, and their conduct is not having a positive impact on society. Wal-Mart is acting with remarkable conduct in a negative way by only doing what is best for them in order to create a small monopoly. Without thinking about the effect they are having on the surrounding smaller businesses, they are slowly starting to lose profits because of the retaliation of their customers and small competitors. Without the personal service and convenience that other small business can offer, it will take a lot more than Wal-Marts low prices to bring the majority of their customers back. McWilliams, Gary. (2007, October 3). Wal-Mart Era Wanes Amid Big Shifts in Retail. Wall Street Journal. pp. A1, A17...
View Full Document
This note was uploaded on 03/15/2008 for the course BCOR 1010 taught by Professor Latier,jef during the Fall '07 term at Colorado.
- Fall '07