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whitegnu667Lv1
28 Sep 2019
Wal Mart Application Question
Consider Wal Mart as a competitive firm operating in the US economic system. Utilize your knowledge of microeconomics, to answer the following questions:
1. How would you describe Wal-Mart in terms of the market structure in which it operates?
2. Given this market structure, how does it profit maximize? In other words, what strategies does it employ?
3. What control does it have over prices? Explain.
4. What are its fixed and variable costs? What strategies can they employ to reduce costs?
5. What role does marketing play in the Wal Mart competitive strategy?
6. Can Wal Mart maintain long-run profitability? Why/how?
Wal Mart Application Question
Consider Wal Mart as a competitive firm operating in the US economic system. Utilize your knowledge of microeconomics, to answer the following questions:
1. How would you describe Wal-Mart in terms of the market structure in which it operates?
2. Given this market structure, how does it profit maximize? In other words, what strategies does it employ?
3. What control does it have over prices? Explain.
4. What are its fixed and variable costs? What strategies can they employ to reduce costs?
5. What role does marketing play in the Wal Mart competitive strategy?
6. Can Wal Mart maintain long-run profitability? Why/how?
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answer
0
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Darryn D'SouzaLv10
28 Sep 2019