1. How has Wal-Mart changed the power relationship between retailers and manufacturers? Give examples from the documentary.
Wal-Mart has changed the power relationship between retailers and manufacturers by the push production to the pull production. The push production involves the manufacturer deciding on what they are going to produce and then trying to get retailers to buy it and sell it for them. The pull production system involves retailers on deciding what is being sold by collecting the information of what is being sold and then telling the manufacturers what to produce and when to produce it based on what is actually being sold. Wal-Mart is on the pull production system because they are the retailers that tell the manufacturers what …show more content…
in order to keep making business with Wal-Mart since they need to sell goods for a cheaper price. Instead of making their own products, they use their own brand names to market Chinese-made goods to retailers. They eke out profits by outsourcing production and marketing that production. The process is virtually the final step in the surrender to what Duke University Professor Gary Gereff calls the Wal-Mart-China "joint venture."
4. Do you think the Wal-Mart story is the new model of global capitalism? What are the implications of this model for US prosperity and workers specifically? In your answer, explain what happened in Circleville, …show more content…
Wal-Mart runs one of the biggest corporate trade giving establishment in America. I think that there are pros and cons to the free-trade/free-market/lowest price strategy that Walmart has. In 2004 Wal-Mart gave over $170 million as donations. More than 90 percent of these gifts went to foundations in the groups served by Wal-Mart stores (Frontline 1). It is good as to Wal-Mart being an association that is helping the consumers get more for their money. It is bad for workers that produce goods that don’t meet the standards of Wal-Mart’s low price strategy since they will not buy anymore products from a certain place which means that people will loose their jobs. It is making its suppliers change the way that they operate which is a con. It is bad for some companies in America since they have to maintain with the low prices that Wal-Mart provides which means that even if their products increase for making their products they can’t raise the prices which means that they will loose money while Wal-Mart maintains it’s cheap prices. A pro would be that it is enabling trade with less-made economies which is helping the inhabitants of Third World nations to improve their lifestyles. Wal-Mart is doing some good things and making a benefit of around $9 billion a year. Wal-Mart is a model of how fruitful private enterprise functions can be. Yes, it
Wal-Mart has changed the power relationship between retailers and manufacturers by the push production to the pull production. The push production involves the manufacturer deciding on what they are going to produce and then trying to get retailers to buy it and sell it for them. The pull production system involves retailers on deciding what is being sold by collecting the information of what is being sold and then telling the manufacturers what to produce and when to produce it based on what is actually being sold. Wal-Mart is on the pull production system because they are the retailers that tell the manufacturers what …show more content…
in order to keep making business with Wal-Mart since they need to sell goods for a cheaper price. Instead of making their own products, they use their own brand names to market Chinese-made goods to retailers. They eke out profits by outsourcing production and marketing that production. The process is virtually the final step in the surrender to what Duke University Professor Gary Gereff calls the Wal-Mart-China "joint venture."
4. Do you think the Wal-Mart story is the new model of global capitalism? What are the implications of this model for US prosperity and workers specifically? In your answer, explain what happened in Circleville, …show more content…
Wal-Mart runs one of the biggest corporate trade giving establishment in America. I think that there are pros and cons to the free-trade/free-market/lowest price strategy that Walmart has. In 2004 Wal-Mart gave over $170 million as donations. More than 90 percent of these gifts went to foundations in the groups served by Wal-Mart stores (Frontline 1). It is good as to Wal-Mart being an association that is helping the consumers get more for their money. It is bad for workers that produce goods that don’t meet the standards of Wal-Mart’s low price strategy since they will not buy anymore products from a certain place which means that people will loose their jobs. It is making its suppliers change the way that they operate which is a con. It is bad for some companies in America since they have to maintain with the low prices that Wal-Mart provides which means that even if their products increase for making their products they can’t raise the prices which means that they will loose money while Wal-Mart maintains it’s cheap prices. A pro would be that it is enabling trade with less-made economies which is helping the inhabitants of Third World nations to improve their lifestyles. Wal-Mart is doing some good things and making a benefit of around $9 billion a year. Wal-Mart is a model of how fruitful private enterprise functions can be. Yes, it