Business, 04.01.2021 18:40 KassandraVillegas
For more than half a century, Walmart has prided itself on providing value to customers by being a low-price leader. But the consumer mindset is changing. Now âvalueâ also means convenience, ease of finding what you want, and the ability to get exactly what you want when you want it. Nationwide dollar-store chains often have lower prices than Walmart, so that point of competitive advantage is fading. And thanks to Amazon. com and other online retailers, consumers can shop from home whenever they like, compare prices, and know immediately what is available. Contrast this with the experience many Walmart shoppers previously had when they entered a storeâlow inventory, disorganized aisles, unhelpful staff, and an overall depressing atmosphere. The companyâs online presence was about the same. The site was difficult to navigate and attempts to search for products were frustrating at best and more often fruitless. Named Walmartâs CEO in 2014, Doug McMillon set out to change this. âWhat people think about the company is important,â he noted. And at the moment, people werenât thinking about value and low prices when they thought about Walmart. McMillon enacted a number of changes. First, since the company had earned a reputation of treating its store employees poorlyâlow wages, few benefitsâwhile profits were in the billions of dollars, Walmart announced it would increase its minimum wage. Second, the company asked for and paid more attention to employee feedback. Recurring issues included the dress code, store music, and even store temperatures. So clothing rules were relaxed, more variety in music was introduced, and thermostats were adjusted. The company hopes improving employee morale will translate into a better experience for customers, thereby changing some of the negative images. Walmartâs Web presence was another target for big changes. With Amazon as the storeâs biggest competitor, McMillon wanted to offer customers more items, pick-up options, and ways to meet their needs and demandsâlike an online grocery ord
Answers: 2
Business, 21.06.2019 20:20
The management at a pesticide manufacturing company has observed a decline in quality measures. the managers ask robin, the firm's hr manager, to investigate whether training might solve the problem. robin conducts needs assessment and recommends a training plan. which of the following conditions would most likely have been an observation during robin's person analysis?
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Business, 22.06.2019 07:00
For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent
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The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
Answers: 3
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