Wal-Mart 1. How does Wal-Mart choose which products to offer for sale in its stores? Wal-Mart follows the rules of supply and demands. By following these rules, Wal-Mart is able to see what products are sold and the quantity of those products. Therefore, Wal-Mart will cater to these dollar votes and supply more of the products that their customers demand. 2. Are you ever ripped off when buying goods there? Although there is a common misconception of being ripped off by Wal-Mart, the underlying truth is Wal-Mart cannot afford to overcharge any of its customers. The reasoning behind this is simple, if Wal-Mart overcharged its customers; they would be less inclined to shop at Wal-Mart and more willing to shop at competing stores such as Target. Also the consumer of such products would have a marginal benefit higher than the marginal cost or else the products would have not been worth purchasing. 3.
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This note was uploaded on 06/05/2009 for the course ECO ECO2013 taught by Professor Jominy during the Summer '08 term at Broward College.