Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Case: Wal - Mart is currently the worlds largest retail franchise. It has over 4 , 7 5 0 stores and it attracts about 1
Case: WalMart is currently the worlds largest retail franchise. It has over stores and it attracts about million shoppers every week. Consequently, the franchise has gained enormous influence in the marketplace, thus controlling up to thirty percent of the household market staples. Most companies selling consumer products such as foods consider the companys reach as an advantage to their businesses.Consumers also benefit heavily from the low prices that the company sets for most products. However, some entities see the company as a hindrance to their progress and development. For instance, local businesses in most areas in the US consider the franchise a threat for its affordable prices attract customers previously loyal to such local businesses, thus running them out of business.Closure of consumerbased businesses in such local communities often leads to loss of jobs, thus creating a monopoly while stifling the economy due to tax considerations that WalMart stores get in most areas. Such occurrences destabilize entire communities.Additionally, regardless of the profit that the company makes, it provides poor pay for employees without health insurance. The company thus has a high employee turnover of The company also uses its influence to dictate which products to stock on its shelves. This aspect has created a situation where some companies miss sales and profits while others get an unfair advantage.Additionally, the company often uses its influence on control prices for goods from companies from which it stocks its products. The company has a tradition of advocating for low purchase prices from suppliers so that it can provide similarly lower prices when selling to its customers. This element is its trademark strategy, and it has made the company and customers happy, even while leaving suppliers and local businesses in losses.
Required:
Discussion:The case raises several ethical concerns that are subject to debate. The ethical issues that arise in this case in terms of:Employees treatment and compensation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started