Chapter 4—The Squeeze. How much does a year’s supply of pickles cost at Walmart?

Slides:

Advertisements

Similar presentations

A Look at WANTS and NEEDS

Advertisements

Chapter 4, Lesson 2 The Rise of Big Business

Snapper Acquired by Simplicity in 2002 Simplicity acquired by Briggs & Stratton in 2004 Jim Wier, The Man Who Said No to Walmart

Ramen Noodles TAYLOR LICAUSE. Snapshot Demographics.

Marketing Channels.

Chapter 4.  How much did a one gallon jar of Vlasic pickles cost at Wal-Mart at its lowest price?

The Wall-Mart Effect Chapter 5. Which town in Georgia is described as “a city of character”?

Sourcing Agreement Between

Big Mac Exchange Rate Theory Roberto Chang Econ 336 February 2012.

Plan Could Make Generic Drugs Even Cheaper

CHINESE DIRECT INVESTMENT IN THE UNITED STATES SEEKING RELIEF IN AMERICA FROM HIGH PRODUCTION COSTS.

Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 4 How Businesses Work.

7th Grade UBD - Unit 3 - Middle East.  Work alone to complete a list of facts you know about Southwest Asia. You should come up with a list of at least.

THE PLACE. MARKETING MIX PROMO- TION PRODUCT PRICE PLACE MARKETING MIX How the goods get from the producer to the customer.

PRICING MATH CHAPTER 27. Ch 27 Sec 2 – Calculating Discounts The general procedure for figuring discounts How to calculate various kinds of discounts.

Chapter 4 How Businesses Work McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Wages  The price of labor  Payments workers receive in return for work  Governed by the forces of supply & demand

1 Economic Decisions and Systems 1-1 Satisfying Needs and Wants

Economics Notes Chapter 7. Costs of Production – all costs necessary for production to take place Fixed Costs – Costs of production that do not change.

Steve Jobs Resigns: The Future of Apple Inc.

9 Responsibility Accounting Douglas Cloud Pepperdine University

CHAPTER 6 Business-to-Business (B2B) Marketing Chapter Objectives 1

Chapter 7 Section 1 Perfect Competition

Middle East Economics Pop Quizzes.

Case 6-9 Stephen MacNeilCody Chaplain Jim Zolty Melissa Jenkins Eyosias Solomon Brandon Withers Wal-Mart.

7 Key Functions of Marketing Product Service Management Marketing Information Management SellingDistributionPromotionPricingFinancing.

Economic Activity in a Changing World Chapter 3 pp Mr. Manning.

Bellringer What are reasons Steve Jobs (former Apple CEO) said that jobs making iPhones would never move to the United States? Get out your notebook for.

The Rise of Big Business. Essential Question How did big businesses in the late 1800’s and early 1900’s help the United States economy grow quickly?

Unit 2: Supply, Demand, and Consumer Choice 1. Review 1. What is the law of demand? 2.

Chapter 3 Economics in the United States 3.3. Profit Profit is the money a business or person makes after expenses have been paid. Profits are very important.

Is Wal-Mart Good for America?.  the spreading out of culture, culture traits, or cultural pattern from a central point.

Alejandra Gonzalez CIS ORDERING PROCESS is a national retail store that offers a wide variety of general merchandise. Wal-Mart has 36 departments.

* * Chapter Three Doing Business in Global Markets Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

Taco shells Devin McDonough Spring 2013.

Appendix: Chapter 6 Delving Deeper Into Microeconomics McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

PLACE. The Marketing Mix Product Price Place Promotion.

Governments & Economies.  Answer the questions within this PowerPoint to help you prepare for the Unit Test.  Remember! We will take the multiple choice.

© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin INTEGRATING SUPPLY CHAIN AND LOGISTICS MANAGEMENT 16 C HAPTER.

Walmart Save Money. Live BetterAlways Low Prices.

Warm Up = = (-8.27) = – = – (-38.93) =

For a Merchandising Business. What is merchandise? A ‘good’ (anything really) Bought for a certain price Sold for a higher price Goods are bought and.

Chapter 18 A Business of Your Own. I. A Business of Your Own --Entrepreneurship: starting and owning your own business --Entrepreneur: someone who starts.

Economics Unit Three: Supply. Supply Supply refers to the willingness and ability of producers to to offer goods and services for sale – Anyone who provides.

Part One “The Importance of Inventory.” Chapter Six: Inventory.

Supply 1. Supply Defined What is supply? Supply is the different quantities of a good that sellers are willing and able to sell (produce) at different.

Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 18 Delving Deeper Into Microeconomics.

Job Costing - Vijay Kumar. Job Costing Job Costing involves the calculation of costs involved in a construction "job" or the manufacturing of goods done.

Factors that influence the Location of Industry.  Industry, refers to types of employment, organized by sector (type of industry) where people work.

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Consumer’s Role in the Economy Objectives: By the end of class, students will be able.

Factors of Supply Cost of Inputs. Recent news: cost-of-eggs-to-soar/

Elasticity of Demand. Dictates how drastically buyers will cut back or increase their demand for a good when the price changes What does this mean? 

Packers and movers In Delhi. Introduction Ashoka Packers & Movers The Nation Wide Service.

PRICE PLANNING PART 2 Factors

Marketing Channels: Delivering Customer Value

Supply Chain Management

The Predetermined Overhead Rate and Capacity

Moving Companies in VA Moving Companies in Washington DC.

Sectors of the Economy and Where the Jobs are At

The High Cost of Low Prices

A Small Town Kept Walmart Out. Now It Faces Amazon

Describe Some of Your Favorite Brands

Knowing Your Product and Your Customer

Unit 3 Some Elements of Culture

Tuesday, March 1, 2016 Objective: Students will be able to describe and give examples of perfect competition and monopolistic competition. Purpose: Understanding.

As consumer wealth has increased, so motorcycles have in large part moved from being a mode of transport into being a form of recreation. In addition to.

[ 7.6 ] Poverty and Income Distribution

Toro Foldable Lawn Mower

Tuesday, October 25th, 2016 Objective: Students will be able to describe and give examples of perfect competition and monopolistic competition. Purpose:

Factors that influence the Location of Industry

Presentation transcript:

Chapter 4—The Squeeze

How much does a year’s supply of pickles cost at Walmart?

 $2.97

What was the topic of the meeting in 2004 for antitrust attorneys in Washington, DC?

 ”Buyer Power”

What is the term used to describe a company that is such a big buyer that is holds an kind of price control power?

 Monopsony

What company did Walmart name “carrier of the year” among companies providing transportation service to the retailer in 2003?

 FedEx

How much of Dial’s (the soap maker) business is done with Walmart?

 30%

What is the one purpose for which Walmart wields its power?

 “To bring the lowest prices to its consumers”

What is the most significant reason Walmart is able to keep its own costs down?

 Its cost shifting technique is continuous and systematic

Adult Levi Signature Jeans sell at Walmart for $20-$23 dollars. How much less of a percent is this than the lowest price jean everywhere else?

 25 to 30%

In 2004 Walmart increased its imports from what country by 50%?

 China

When US manufacturing jobs fell by 20%, Walmart’s imports of inexpensive products from China alone increased by how much?

 200%

Chapter 5—The Man Who Said No to Walmart

What is located in McDonough, Georgia?

 Snapper Factory

What is made in this factory?

 Lawn Mowers

How many lawnmowers were made in one, 8- hour shift?

 265

Who is the former Chief Executive Officer (CEO) of Snapper, Inc.

 Jim Wier

How much does the cheapest lawnmower at Wal-Mart sell for?

 $99.96

How much does the least expensive Snapper lawn mower cost (full price)?

 $349.99

The Wal-Mart Effect stresses Wal-Mart’s strong emphasis on (A)_____________. (B) What is the largest thing on the outside of a lawnmower box at Wal-Mart box?

 Price cuts  The price.

A. Who was CEO Jim Wier able to convince of Wal-Mart’s cheap products? B. Why do you think the Wal-Mart Effect includes this little segment?

 His barber  Lawnmowers cut grass, barbers cut hair (proves the point of quality over cheap)

(A) Whose job is to “audit” at the Snapper factory? (B) What does “audit” mean? (What does the man do?)

 Steve Chadwick, 15 year veteran  Checks twelve mowers in 8 hours for problems

(A) What is the biggest problem that Chadwick finds in the quality of the lawnmowers? (B) Why is his finding significant?

 Bubbles in the name sticker  That is not a big problem at all. Wal-Mart boxes sometimes don’t have a name sticker.