Wal-Mart has $250 billion its annual sales which mean that Wal-Mart generates more revenues than the other legendary giants such as Exxon, General Motors, and IBM (Soderquist, 2005). Whenever there is question about whether Wal-Mart is good for the economy or not, critics accuse the company for engaging in disputed and authoritarian practices to becoming the largest organization in the world (Fishman, 2003). To make it even bigger company exploits its employees by paying them low salary and forcing them to work unpaid overtime. Above all these supposed economic cupidity is the charge that Wal-Mart ignore the apprehension of small communities (Ann Woolner,“Let Me Count the Ways People Don’t Love Wal-Mart,” 2004). Though Wal-Mart with $250 billion sales is the largest company in the world and contributing in the world economy yet above accusations should not be avoided which gives an impression of bad economy (Brunn, 2006).
Wal-Mart has been applying Everyday Low Pricing Policy successfully to provide its customers wide variety of high quality of branded as well as unbranded products at the lowest price offering better value. To secure products in volume at the lowest possible price from the manufacturers, sharing this savings with customers and Wal-mart has been offering 20% lower price on its products than its competitor (Marquard, 2006). Order argumentative assignment
As of 2009, Wal-Mart’s revenue is US$408.21 billion and sales $250 billion and the US had a GDP of about 12.4 trillion Wal-Mart’s sales makes 2.5% of it alone. Its assets make more than the GDP of 155 in the world. With the annual sales of $250 billion Wal-Mart increases trade deficit of US (Quinn, 2000).