Wal Mart Pricing to Maximize Profits - 1715 Words

Touro University International Steve Jones Module 5 Case MKT 501 Dr. Wollan Your paper discussed the importance of pricing to a companys strategic position in the marketplace. The different considerations in the pricing strategies were also explored. You described good value pricing and the concept of loss leader as one of Wal-Marts strategies. Your case merits an A. Dr. Weber Wal-Mart: Pricing to Maximize Profits Wal-Mart has lured hundreds of thousands of shoppers into its stores through its discount prices and promotional campaigns. Its aggressive bid toward grabbing a lions share of the $20 billion toy market threatens to force other well-known toy retailers, such as Toys-R-Us, out of business. Wal-Mart now stands as the†¦show more content†¦The vendor anticipates that the typical consumer will purchase other items at the same time as the loss leader and that the profit made on these items will be such that an overall profit is generated for the vendor. Typically, a loss leader is placed at the back of a store requiring the consumer to walk past racks and racks of other displayed goods which have a higher profit margin. Additionally, a loss leader is normally a product that customers are willing to purchase; thus they are aware of the usual price and view the offered price as a bargain (Wikipedia, 2005). Wal-Mart effectively utilized loss leader pricing to generate profitabi lity but it was not without its pitfalls. Wal-Marts use of loss leader pricing on some of its toys generated two negative effects. First, drastically cutting the price of some items to lure in consumers defaced the notion of creating a value-based pricing system. This direction, now being realized by the company, negated them from extracting the true value of a product and thus the maximum dollars from consumers. While it provided them a short-term competitive advantage and they recouped some of the margins from sales of other products in its massive selection, it did not maximize their profitability in selling these particular items which indeed held a higher value to consumers (Grant, 2004, p. 2). As a result, Wal-Mart now believes it did notShow MoreRelatedEco/365 Week 5 Final Paper1507 Words   |  7 Pagesevolution of Wal-mart from the early 1960s to the present day has set a benchmark that few can achieve. Wal-mart executives have been successful nationally as well as glo bally. The knowledge and expertise in economics have made Wal-mart a global giant. The research completed is the final recommendations by the members of research team C and will address questions regarding global competition and issues of the organizations ability to expand or reduce current operations. Price Wal-Mart continuallyRead MoreWalmart: A Strategic Management Case study Financial Perspective959 Words   |  4 PagesPricing Strategy Wal-Mart’s primary competition in US includes department stores of the likes of Target and Kmart. Costco offers competition to Sam Club format of Wal-Mart. In niche small markets, dollar stores are offering strong competition to Wal-Mart. Kroger competes with Neighbor market and supercenters of Wal-Mart especially on the grocery product line. Target competes with Discount stores and supercenter shopping formats of Wal-Mart with Target commanding a small premium on prices as itRead MoreThe Organization Structure of Walmart1240 Words   |  5 PagesOrganization structure of Wal-Mart Introduction The Wal-Mart was founded by Sam Walton in 1962 in 719 Walnut Avenue in Rogers, Arkansas. Today there are 706 stores that are running in the USA offering competitive prices and good shopping experience to millions of Americans across the USA. The size of and average store, according to Wal-Mart Corporate (2011a) is 108,000 square feet and has an employee base of about 225 people. Wal-Mart is said to have one of the most efficient merchandise replenishmentRead MoreDifferentiating Between Market Structures Of Wal Mart1498 Words   |  6 Pagesexistence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. Retail sales are indicators of microeconomic conditions presented in a given area at a particular place in time. Since Sam Walton opened his first Wal-Mart store, Wal-Mart has been making ripples throughout the micro economies of America. Wal-Mart’s market structure is typical of most of our nation’s largest corporations in that they are an oligopolyRead MoreMgt/330 Wal-Mart Organizational Paper1102 Words   |  5 PagesWal-Mart Organizing Paper Ian Ericson MGT/330 February 19, 2013 David Ball Wal-Mart Organizing Paper Business economy today has seen vast amounts of businesses fail. However, Wal-Mart Corporation is standing and increases their revenue yearly. In 2009 alone, Wal-Mart generated approximately $404 billion dollars in revenue. That type of success only proves that the organization has everything in order to keep on the track of success. Within this paper, an evaluation of the organizingRead MoreWhy Walmart Has the Ability to Offer the Lowest Price708 Words   |  3 Pagesand handling. At Wal-Mart on February 2, 2012, I can pre-order the CD for $10.88 to pick up in the store on its release date, so that I pay no shipping and handling. At Sam Goody, which is now FYE, on February 2, 2012 I can pre-order the CD at a price of $14.99, with a member price of $13.49. At the locally owned music store, called The Book Nook, which sells books and new-release CDs, I can preorder the CD and she will sell it to me for the list price, which is $17.99. Wal-Mart has the abilityRead MoreImplementation Of The Elevate Strategy And The Pros/Cons.1481 Words   |  6 Pagescomparatively higher profit margin in retail stores like Wal-Mart and Sports Authority because of this emphasis on catering to the pristine golfing crowd only on the golfing grounds. Bringing Elevate to the off-course stores will keep Altius competitive, especially since the price-sensitive consumer will shop at Wal-Mart and the on-course sales method has been declining. In fact, 25% of golf-specific stores closed following the recession, so it will be tough for Altius to make the same profits through on-courseRead MoreCurrent Market Conditions Competitive Analysis1592 Words   |  7 Pagesbackdrop that people will study a leader in low cost, high efficiency retailing - Wal-Mart. At the onset of the last two recessions, Wal-Mart had very little to do within their structure to fit the demands of consumers because Wal-Mart already offers its customers brand name items at lower prices. Wal-Mart’s basic structure has helped make it a powerful retail business, and a place consumer’s love. Market Structure Wal-Mart Stores Inc. opened its first discount store in 1962, Sam Walton had no ideaRead MoreWal-Mart Marketing Strategy1430 Words   |  6 Pagesmarket is that particular segment of a total population on which the retailer focuses its merchandising expertise to satisfy that submarket in order to accomplish its profit objectives. Target marketing is also known as â€Å"niche† marketing. I am asked whether, instead of or in addition to the markets it currently serves, should Wal-mart serve the following markets: African Americans, the Affluent, Empty Nesters, Hispanics, Suburbanites and Rural Residents? My short answer to this question is yes, withRead MoreWalmart, The Largest Public Service Company1342 Words   |  6 Pagesmark in 1980. By the year 2002, the company’s revenues equaled to 2.3% of the GDP of USA, making it the biggest Retailer in the United States, having already overtaken K-mart in 1992 and in 2000. Walmart had a continuous exponential rise since its inception. This year the company reported revenues of $ 478 Billion with gross profit at staggering $ 121 Billion. This graphical representation shows Walmart’s growth in the past decade. With these kinds of numbers, having an effective and efficient supply

The Center For Disease Control And Prevention - 2231 Words

The Center for Disease Control and Prevention (2012) states that more than a million people in the United States alone are living with, and dying from Human Immunodeficiency Virus infection or Acquired Immune Deficiency Syndrome (HIV/AIDS), and almost one in seven people are unaware of their HIV infection status. Over the past decade, the number of people living with HIV has increased, while the annual number of new HIV infections worldwide has remained relatively high. The trend of new infections continues at an increased level particularly among certain population groups and geographical locations with many separate epidemics. Each of these epidemics involves different risk behaviors and practices, such as unprotected sex with multiple partners or sharing intravenous drug equipment (Marcus et.al, 2015). Some countries have made tremendous efforts in expanding and ensuring access to treatment, but have made little to no progress in advancing HIV/AIDS prevention programs, whereas oth er countries with declining HIV/AIDS prevalence are not making enough and rapid progress to ensure access to, and availability of HIV/AIDS treatment and prevention resources. HIV/AIDS has gradually declined in the amount of media attention it receives, especially in the United States as cancer remains the global number one health issue. HIV/AIDS is still prevalent in the communities and it is important that the general public remain educated and sensitized about the disease process and itsShow MoreRelatedCenters for Disease Control and Prevention629 Words   |  3 PagesCDC Centers for Disease Control and Prevention Weam Khadim PBHE501-American Public University May 21, 2013 Dr. Shalah Watkins-Bailey Centers for Disease Control and Prevention Center for Disease Control and Prevention is a national public health federal agency under Department of Health and Human Services headquartered in Atlanta, Georgia. It is division of Department of Health and Human Services responsible for managing national programs for control and prevention of communicable diseasesRead MoreThe Center For Disease Control And Prevention1467 Words   |  6 PagesProject Proposal Description I will be evaluating the Center for Disease Control and Prevention’s (CDC’s) One Only Campaign. 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Coronary artery disease is the most prevalent type of cardiovascular disease in the U.S. and it kills around 400,000 Americans annually (Murphy, Xu, Kochanek, 2013.) Statistics like

Above The Law Essay Example For Students

Above The Law Essay The flashing lights of the police cars are blinding to you in your inebriated state. Through your drunken haze, the events leading up to now start to unfold. You were pulling ninety miles an hour in your SUV, when you collided with the bus full of blind orphans. The resulting crash sent the bus careening off the overpass, and onto a passing group of nuns and the governor, killing all of them instantly. The total body count is so far unknown. If you were an average person, you could expect the electric chair without question. Of course, youre far from average. Youre a former Olympic champion who stars in the number one rated show in America, and whose movie has won multiple Academy Awards. You are in fact, a celebrity. Youll be free before you have time to get comfortable in a holding cell. You wont even have to serve any real prison time. At most, youll probably have to serve a few hours of community service. Although this moment seems preposterous, as well as obviously impossible, it essentially occurs all the time to a lesser degree. Athletes and other celebrities are almost always assured that they will usually get a slight fine or a few hours of community service at the most, and still get to wear any time served as a badge of honor. Because of their immense wealth, and more importantly, their huge public standing, they tend to receive an unfair advantage in the courts, while someone who performs the same act is prosecuted to the fullest extent of the law. Because most celebrities possess exorbitant amounts of cash, they can purchase the best legal staff that money can buy. These attorneys are an almost assured win for the defense, since they can find all the potential legal loopholes necessary for an acquittal. By purchasing legendary attorneys, they can come up with excellent testimony on their behalf, essentially allowing them to beat the system regardless of their crime. As has proven in past cases, these attorneys can pretty much beat any charge leveled against their client. An average person would regrettably have to either settle with a public defender, or a cheaper attorney, neither of which can give an edge for the defendant. A key example of this was when former heavyweight boxer Riddock Bowe kidnapped his wife and children a few years ago. All the evidence was there to convict him and put him away for a long time, but because he had Johnnie Cochran as an attorney, it was argued that he was punch drunk, thereby giving him probation. The limited capacities excuse is a clear argument for celebrities, along with the stupidity excuse, as was shown in the Pedro Guerrero case last year. Mr. Guerrero was acquitted of drug charges after it was proven that he was too stupid to have done it. Anyone non-famous attempting either of these tricks would be laughed all the way to prison, since kidnapping is a federal offense, and the government prosecutes to the fullest possible extent. Another leading to celebrity superiority is that they are held on such a high pedestal, that the public refuses to believe that whatever allegations leveled are absurd. This has happened for years, with growing intensity. The first man to get away with this was the late Ty Cobb. Cobbs on the field antics were infamous in the world of baseball, but his off the field actions were even worse. He was once fined $150 for beating a black elevator operator for being insolent. He was once suspended for one game after jumping into the stands and beating a heckler to the point where his own mother wouldnt recognize him; so badly in fact, that the man lost three fingers. Another time he nearly slashed off a mans face after an attempted hold-up. No charges were ever leveled. Since Ty Cobb was at the time the biggest name in baseball, he was allowed to walk away with only minor fines. The same thing still occurs now. .u50c08cdfa3ca68b640f4eaf56a997421 , .u50c08cdfa3ca68b640f4eaf56a997421 .postImageUrl , .u50c08cdfa3ca68b640f4eaf56a997421 .centered-text-area { min-height: 80px; position: relative; } .u50c08cdfa3ca68b640f4eaf56a997421 , .u50c08cdfa3ca68b640f4eaf56a997421:hover , .u50c08cdfa3ca68b640f4eaf56a997421:visited , .u50c08cdfa3ca68b640f4eaf56a997421:active { border:0!important; } .u50c08cdfa3ca68b640f4eaf56a997421 .clearfix:after { content: ""; display: table; clear: both; } .u50c08cdfa3ca68b640f4eaf56a997421 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u50c08cdfa3ca68b640f4eaf56a997421:active , .u50c08cdfa3ca68b640f4eaf56a997421:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u50c08cdfa3ca68b640f4eaf56a997421 .centered-text-area { width: 100%; position: relative ; } .u50c08cdfa3ca68b640f4eaf56a997421 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u50c08cdfa3ca68b640f4eaf56a997421 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u50c08cdfa3ca68b640f4eaf56a997421 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u50c08cdfa3ca68b640f4eaf56a997421:hover .ctaButton { background-color: #34495E!important; } .u50c08cdfa3ca68b640f4eaf56a997421 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u50c08cdfa3ca68b640f4eaf56a997421 .u50c08cdfa3ca68b640f4eaf56a997421-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u50c08cdfa3ca68b640f4eaf56a997421:after { content: ""; display: block; clear: both; } READ: THE TREATY OF WAITANGI EssayA celebrity tends to get preferential treatment from the police, the media, and the public, since these people are role models and heroes. A more modern example of this is Daryl Strawberry. Daryl Strawberry was projected to be a Hall of Fame baseball player since his rookie year. Unfortunately, he had a severe cocaine problem. After it nearly cost him his baseball career, he appeared to have straightened out and gone sober. Unfortunately, last spring he was suspended for parole violations after testing positive for cocaine. After being placed in rehab, he has escaped every time he has a chance. When found, he also repeatedly tests positive for cocaine. And what do his former employers say? Strawberry still has a job as soon as he comes off of suspension. If a normal person were to ever try any of Cobbs antics, or even Strawberrys, they would obviously still be serving time. Celebrities are also fortunate to make plea bargains from felonies down to country club rehab time. Essentially, because of their high standing, it is believed that the celebrity in trouble can easily rectify whatever problem they have through a few weeks of unsupervised rehabilitation, followed by an immediate return to wherever the problem occurred. Whereas a normal person could expect to have a long prison stay, a famous person can expect to get multiple chances to clean up their act. Daryl Strawberry, Robert Downey, and Kelsey Grammer have all consistently beaten multiple drug, alcohol, and probation violations without any stiff penalties. All are still gainfully employed, and are still granted the right to work at their jobs while serving time. Of course, they almost always break the rules of their release within hours, but its okay since theyre famous. When you are famous, no matter what you do, it is okay as long as you remain famous. This is a perfect sign of a disjointed culture in which role models are allowed to continue their lives with no retribution, while a common man would be blacklisted from any employment after release. It should be made to be that the special treatment is gone, making those with true problems have to be confined until it can proven that whatever problem they have is gone. No one has a job that important that they cant be replaced, and this includes the famous. In a day and age in which those who are famous are for all extensive purposes above the law, it makes one wonder when society will say enough. As is the current trend, although most celebrities get off, one will essentially be justly prosecuted. The scales should be balanced out again by removing any potential legal loopholes as a start. Justice should truly be blind, not dumb or easily swayed. It is hopeful that one day the scales of justice will finally be equal, and that the rich and famous will not be the only ones to receive leniency in the courts.

The Watergate Complex Is A Series Of Modern Buildings With Essays

"The Watergate Complex is a series of modern buildings with balconies that looks like filed down Shark's Teeth" (Gold, 1). Located on the Potomac River in Washington, D.C. it contains many hotel rooms and offices. What happened in the complex on June 17, 1972 early in the morning became a very historical event for our nation that no one will ever forget. The "Watergate Scandal" and constitutional crisis that began on June 17, 1972 with the arrest of five burglars who broke into the Democratic National Committee (DMC) headquarters at the Watergate office building in Washington D.C. It ended with the registration of President Richard M. Nixon on August 9, 1974. (Watergate) At approximately 2:30 in the morning of June 17, 1972 five men were arrested at the Watergate Complex. The police seized a walkie talkie, 40 rolls of unexposed film, two 35 millimeter cameras, lock picks, pensized teargas guns, and bugging devices. (Gold, 75) These five men and two co-plotters were indicated in September 1972 on charges of burglary, conspiracy and wire tapping. Four months later they were convicted and sentenced to prison terms by District Court Judge John J. Sercia was convinced that relevant details had not been unveiled during the trial and offered leniency in exchanged for further information. As it became increasingly evident that the Watergate burglars were tied closely to the Central Intelligence Agency and the Committee to re-elect the president. (Watergate) Four of these men, that were arrested on the morning of June 17, 1972, came from Miami, Florida. They were Bernard L. Barker, Frank A. Sturgis, Virgillio R. Gonzalez, and Eugenio R. Martinez. The other man was from Rockville, Maryland named James W. McCord, Jr. The two co-plotters were G. Gordon Liddy and E. Howard Hunt. (Watergate) The senate established and investigative committee headed by Senate Sam Ervin, Jr., to look into the growing scandal. As they were investigating, they related that the famous break-in was far more involved than what everyone had expected. (Watergate) The White Houses involvement of that morning first became evident when James McCord wrote a letter to Judge Sirca. In this letter McCord explained that he wanted to disclose the details of Watergate. He made it apparent that he would not speak to a Justice department official of an FBI agent. Although his letter did unveil details, it made server chargers. McCord justified that "Political pressure" (Westerfled 36) had generated many defendants to plead guilty and remain silent. He also claimed that there had been whiteness at the trail who had committed perjury in order to protect the people who headed the brake-in. McCord declared that he, his family, and his friend may be in danger if he spoke out. (Westerfled 36-37) The Senate Watergate Committee saw their chance to unravel the mystery of this scandal. The offered James McCord a chance to speak publicly. In his first meeting with representatives of this committee he named two more people that he claimed were involved in the burglary and cover-up. Theses two men were John Dean and Jeb Margruder. Margruder was the second-in-charge of the CRP and Dean was a White House aid. After hearing these substantial accusations the Senate Watergate Committee promptly subpoenaed John Dean and Jeb Margruder. (Westerfled 37-38). After the next session with James McCord he took the whiteness stand and explained how Liddy had promised him an executive pardon if he would plead guilty. This began to question the a White House involvement since only the president could present such a pardon. (Westerfled, 40) Jeb Margruder was the next witness to testify. He admitted his own perjury to the Grand Jury and verified what McCord had said. While on the stand he also revealed another name to add to the list of those involved, John Mitchell. (Gold, 246-247) The next witness scheduled to appear was John Dean. In Dean's testimony he exposed that the Watergate burglary had been only a part of a greater abuse of power. He said that for four years the White House had used the powers of the presidency to attack political enemies. They spied on and harassed anyone who did not agree with Nixon's policies. If a reporter wrote stories criticizing the White House they would be singled out for tax investigations. The White House also kept an "Enemies List" (Westerfled 43) of people that the presidents men wanted revenge on. After being fired, dean kept official documents that supported his statements. (Westerfled 43-44; Gold 309-330) John Dean said, is his opening statements, that he had discussed the cover-up with president Nixon in several meetings. At the first meeting, in September 1972, he told