Wal-mart And Its Market Struct


In a world where most retailers are categorized as having a monopolistic competition market structure, Wal-Mart Stores Inc. appears to have an oligopoly market structure. Nevertheless, because there are far too many retailers to deal with, then they also have a monopolistic competition market structure. Regardless, Wal-Mart would rather have it this way because it has not hurt them at all by having competition.
When Wal-Mart Stores Inc. opened its doors to their first discount store in 1962, Sam Walton had no idea his business would take off like it has to this day. The reason for Wal-Mart's success has been their ability to create a basic structure for their very own business ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

the people from the suburbs would come to them, which is exactly what ended up happening. Their simple strategy worked; one store would cater to several different towns.
In less than three decades of existence, Wal-Mart grew from a single small discount store in Rogers, Arkansas, to the largest retailer in the nation. This title was previously held by Sears Roebuck and Co., but during the early 1990's they were surpassed by Wal-Mart and Kmart. Sears has since regained the number two spot as the nation's leading retailers, but it appears that Wal-Mart may never be caught.
A prime example why they may never catch Wal-Mart is by looking at their sales volume over the years. In 1994, Wal-Mart sales volume exceeded the combined sales volume of Kmart and Sears, the number two and three retailers in the nation, respectively. By 1996, Wal-Mart sales volume exceeded the combined sales volume of Sears, Kmart, and Target. Wal-Mart's stranglehold on its competition has continued to grow ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Wal-mart And Its Market Struct. (2007, March 6). Retrieved December 18, 2018, from http://www.essayworld.com/essays/Wal-mart-And-Its-Market-Struct/61329
"Wal-mart And Its Market Struct." Essayworld.com. Essayworld.com, 6 Mar. 2007. Web. 18 Dec. 2018. <http://www.essayworld.com/essays/Wal-mart-And-Its-Market-Struct/61329>
"Wal-mart And Its Market Struct." Essayworld.com. March 6, 2007. Accessed December 18, 2018. http://www.essayworld.com/essays/Wal-mart-And-Its-Market-Struct/61329.
"Wal-mart And Its Market Struct." Essayworld.com. March 6, 2007. Accessed December 18, 2018. http://www.essayworld.com/essays/Wal-mart-And-Its-Market-Struct/61329.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 3/6/2007 04:52:06 AM
Category: Miscellaneous
Type: Free Paper
Words: 592
Pages: 3

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
Wal-Mart Case Study and History
Wal-Mart Is Taking Over
Walmart And Why It Is Good For
Banned And Censored Music
State Of The Economy And Its Ef...
Immigration And Its Effect On T...
Monopolization And Its Implicat...
The Success Of Walmart
Montgomery Ward & Co.
Soft Drink Industry Case Study
Copyright | Cancel | Contact Us

Copyright © 2018 Essayworld. All rights reserved