Wal-Mart has promised the lowest prices compared to their competitors since Sam Walton founded it in 1962. Since then, Wal-Mart has become a multi-billion dollar international corporation with over 2 million employees. Wal-Mart has made over $16 billion dollars this year alone, adding to a total of over $450 billion dollars in revenue with over 11,000 locations worldwide. Due to the company’s huge success, the Walton family is now part of the wealthiest one percent of the Earth’s population. Sam Walton’s focus has always been to sell products at a lower price to get higher volume sales at a lower profit margin. This means that in order for Walton to sell products at the advertised low price, he had to purchase these products from low-cost
