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Wal-Mart, formally established in the 1960’s but tracing its roots back to an early Ben Franklin variety store has fundamentally changed the retail environment in less than 40 years of existence. ... Starting with one “Wal-Mart Discount City” in Arkansas, Wal-Mart now owns and operates over 4000 stores in over a dozen countries.
The choice to base its retail operations around national brand discounting and superior customer service has served Wal-Mart well. The result of these commitments has made Wal-Mart the most powerful retailer in the world. ... With the addition of one of the most sophisticated inventory control systems in any industry Wal-Mart is able to better serve customer’s needs and desires while keeping prices low. Wal-Mart is a very competitive and well-run company making it difficult to single out company wide weaknesses. However, because Wal-Mart has become so big and participates in so many markets one of its core competencies has come under attack.
Approximate Word count = 747
Approximate Pages = 3
(250 words per page double spaced)
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