Wal-Mart has closed out 2011 as the top fortune 500 company in America. Wal-Mart’s founder and entrepreneur, Sam Walton, started his private company in 1962 located in Rogers Arkansas (http://walmartstores.com/AboutUs, 2011). Wal-Mart is comprised of the four components of business which are as follows: business, profit, business environment, and economy. A business is a profiting organization that provides services and goods to customers. Profit is the value of return for goods/services provided. Business environment is the building blocks that directly affect the business and the economy. An economy is a financial structure of how the goods and services provided by businesses flow to a society as a whole (https://angel.grantham.edu/section/default.asp?id=BA10120115252010, 2011). Mr. Walton truly employed the four components of business with his dream of building an empire corporation.
There are 9884 different Wal-Marts in 28 countries in the world. The corporation employs more than 2.1 million people and serves more than 200 million customers a week (http://walmartstores.com/AboutUs, 2011). Wal-Mart prides itself on selling items for a discounted price so the consumer will feel the warmth of knowing they can have what they want and with stores open 364 days a year they can have it when they want it. Over the years since the first stores opened Wal-Mart has become an ever growing and changing business. Walmart.com was started in 2000 giving customers the opportunity to shop for the items they desire without ever leaving their homes. The store website offers a wide selection of merchandise that may not be found in stores and offers a variety of different shipping methods. With each store selling a long list of items for example, groceries, automotive needs, sporting goods, etc many people have a “one-stop-shop” for most of their purchases.
Wal-Mart sales and profits continue to grow even though the sales in the US have
Please join StudyMode to read the full document