Chapter 8 Wal-Mart, the Low Wage Colossus and Chapter 9 Taking the High Road

May 25th, 2016
Studypool Tutor
Price: $10 USD

Tutor description

Costco is also committed to low prices. What business practices has allowed Costco to achieve such low prices? One of Wal-Mart’s legacies will be its commitment to low prices. Below are the business practices which have allowed Wal-Mart to achieve such low prices;

Word Count: 2273
Showing Page: 1/11
Running head: ASSIGNMENT 31Assignment 3Students NameUniversity AffiliationASSIGNMENT 32Chapter 8: Wal-Mart, the Low Wage Colossus1. One of Wal-Marts legacies will be its commitment to low prices. Below are the businesspractices which have allowed Wal-Mart to achieve such low prices;They pressurize suppliers to hold their prices down. This enables them to get goods ata very low price hence selling them at relatively lower prices compared to theircompetitors.They have also built the most efficient transportation system in the industry ofretailing.They have created an extraordinary computer and inventory system.They have also maintained rock-bottom labor costs. They give low wages and lesshealth insurance to their employees.2. Compensation administration is about more than just hourly wages and/or salary.Describe how Wal-Mart compensates its hourly employees. Describe their health careoptions, their treatment on the job, and the companys commitment to their overallwell-being.Wal-Mart doesnt break out the pay of the workers. An hourly employee at Wal-Martreceives an average of about $10 per hour.The employees have a health-insurance coverage whereby they usually pay 33% oftheir health premiums. The company has also given the employees a retirement coverplan whereby it contributes an annual average of $747 for every employee.They also force their employees to work off the clock without any extra

Review from student

Studypool Student
" Good stuff. Will use again. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors