The dominance of Walmart can be attributed to Sam Walton's realization that:
A) most of any product's cost gets added after the item is produced.
B) consumers desire great selection and are willing to pay higher prices to obtain that selection.
C) most consumers prefer to complete all of their shopping in one store to minimize their overall shopping time.
D) most consumers would prefer to shop in large stores rather than small stores as they believe that larger stores offer higher customer service.
E) the company's primary focus should be on its profits.

Question

Quizplus · Accepted Answer

Sam Walton's realization that most of any product's cost gets added after the item is produced allowed Walmart to keep costs low by focusing on efficient supply chain management and cut-throat bargaining with suppliers. This cost advantage allowed Walmart to offer lower prices than its competitors and attract price-sensitive consumers, facilitating its dominance in the retail industry.

The Dominance of Walmart Can Be Attributed to Sam Walton's