Business Ethics Case Study: Costco Wholesale
Costco Wholesale is a membership based warehouse store that strives to provide quality products at the lowest possible price. They believe this is possible by following its Code of Ethics, which include obey the law, take care of its members, take care of its employees, and respect its vendors.
As of 2014, Costco was named the third largest retailer in the United States and in 2015 it is the second largest in the world. Costco has a total of 674 warehouses worldwide. Costco serves more than 10 million members across Canada, one of our nations largest retailers, averaging $15 billion dollars per year.
Costco markets itself primarily to large businesses and families. Costco avoids selling multiple brands and varieties, except when it is a variety of household goods and brands, primarily by their signature label, Kirkland brand. …show more content…
Commitment to quality: Costco warehouses carry about 4,000 SKUs (stock keeping units) compared to the 30,000 found at most supermarkets. By carefully choosing products based on quality, price, brand, and features, the company can offer the best value to members.
2. Entrepreneurial spirit: Throughout the decades, the entrepreneurial drive for excellence has continued to define Costco staff at every level. From its management team to the people on the warehouse floor, everyone is united in a common goal to exceed member
As of 2014, Costco was named the third largest retailer in the United States and in 2015 it is the second largest in the world. Costco has a total of 674 warehouses worldwide. Costco serves more than 10 million members across Canada, one of our nations largest retailers, averaging $15 billion dollars per year.
Costco markets itself primarily to large businesses and families. Costco avoids selling multiple brands and varieties, except when it is a variety of household goods and brands, primarily by their signature label, Kirkland brand. …show more content…
Commitment to quality: Costco warehouses carry about 4,000 SKUs (stock keeping units) compared to the 30,000 found at most supermarkets. By carefully choosing products based on quality, price, brand, and features, the company can offer the best value to members.
2. Entrepreneurial spirit: Throughout the decades, the entrepreneurial drive for excellence has continued to define Costco staff at every level. From its management team to the people on the warehouse floor, everyone is united in a common goal to exceed member