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 don’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 â€Å"Wal-Mart sells for less, it forces competitors to cut prices in order to compete† (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 don’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 critics’ states and all these attacks by critics are incorrect. Wal-Mart is not perfect but it is better than most of the other corporations.

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