Friday, September 20, 2019
The Impact of Wal-mart Essay examples -- Business, Low Prices
Wal-Mart, the multi-billion dollar corporation and the second largest employer in the world, is the most controversial corporation in the world. Wal-Mart stands as a global powerhouse and affects countless individuals around the world. This company is constantly receiving criticism from unions, human rights groups, small towns and small businesses. There are accusations of Wal-Mart treating workers poorly and driving small businesses out of business. However these accusations are false and over exaggerated. Wal-Mart offers families and low income individuals quality products at affordable prices. Their workers are paid competitive wages and are treated with respect. Wal-Mart opens their stores in rural and under developed areas. Wal-Mart improves the lives of the folks who live rural area and improves their lifestyles. Wal-Mart provides low prices for people to afford more of these great products and to stretch their dollar more. Wal-Mart opens their stores in rural areas that are destitute. These people donÃ¢â¬â¢t have the ability to buy the latest and finest products around. That lifestyle of buying and getting the modern item is foreign to them. Thanks to Wal-Mart these people are able to grasp this lifestyle and experience for themselves (Coster 1). People are saving hundreds of dollars and these savings really add up. According to a study by the New England Consulting group, U.S. consumers save $100 billion annually, or $600 for the average America family (Maich 6). These savings for consumers and families are astounding. This data is not only about those who shop at Wal-Mart but this data is about all consumers. This is so because Ã¢â¬Å"Wal-Mart sells for less, it forces competitors to cut prices in order to competeÃ¢â¬ (Maich 6). A s... ...pplications for their jobs. Every time a new store opens, Wal-Mart receives 6 to 10 applications for each job that is available (Maich 5). If Wal-Mart was horrendous and a poor employer, there will be no applying for these jobs. This shows that Wal-Mart is a great employer and not what critic says it is. Wal-Mart is beneficial to many types of people. Wal-Mart is good for the economy and good to it workers. Wal-Mart hires many people from different walks of life and offers their workers many benefits that others retailers donÃ¢â¬â¢t offer. Wal-Mart with their low prices benefits consumers and help consumers to save. Wal-Mart is a positive to local economies and improves profits of local businesses. Wal-Mart is not a monster as criticsÃ¢â¬â¢ states and all these attacks by critics are incorrect. Wal-Mart is not perfect but it is better than most of the other corporations.