Wal-Mart

Running Head : Business Research : The Wal-Mart Company

Business Research : The Wal-Mart Company (Student Name (Course (Instructor

Abstract

Wal-Mart is the fastest growing public company in America Wal-Mart is a public company that runs a chain of stores . According to the 2008 Fortune 500 companies Wal-Mart is the largest discount department store owner . It is also the biggest grocery retailer and employs more people than any other company in America . The company has had more success than any other companies in the United States . It is best known for the cheap

prices and value for customer money policies

Wal-Mart Company

History

The Wal-Mart policies and ideas that have made it the fastest growing company were introduced by Sam Walton . The stores were originally known as the Walton 5 10 . In 1962 , Sam Walton came up with the idea of under cutting his competitors by reducing the prices of his product . The profit margin lost would be recovered from increased sales . In the mid 60 's Walton inspired by the success of his ideas left the employment of Walton 5 10 which were at the time owned by J .C . Penny and began his own line of stores . He called the stores the Wal-Mart . The tore chain grew very fast and by 1968 there were 24 Wal-Mart stores , and the sales of the company had reached 12 .7 million

In 1975 Wal-Mart began venturing to new markets stores were introduced in Missouri , Texas and Kentucky . The company also began acquiring other companies...