Is Wal-Mart Good for America?

 the spreading out of culture, culture traits, or cultural pattern from a central point

 When a business obtains services/products used in manufacturing, such as parts for a television set, from an outside (often overseas) supplier or manufacturer in order to cut costs

 Conduct most of their business outside of the country in which they are incorporated

 Is when manufacturers of products decide what to produce, how much to produce and the price of the product

 Is when retailers determine what the manufacturer will produce, how much to produce and the price of the product

 Retailers who order enormous amounts of inventory  Wal-Mart is the nation’s largest retailer  Wal-Mart is the nation’s largest grocer  Wal-Mart is the nation’s largest employer

 “The more you reduce the price, the greater the sales and profit. The profit is in the volume. So if you are selling vast amounts of a product, you would naturally expect your manufacture to give you a deal. If you buy in bulk, don’t you expect to pay less?”

 Make a list of “pro’s and con’s” of everything you know or have heard about Wal-Mart

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 Global retailers are superseding manufacturers in making decisions about product, quality, type and price  Wal-Mart has approximately 6,000 global suppliers; 80% of these are from China  China is becoming the biggest producer of high- tech products in the world  The U.S. is exporting raw materials to Third World countries and importing their manufactured products, which is a reversal of former economic relations

 ows/walmart/view/ ows/walmart/view/

 Watch the documentary and answer the questions  HOMEWORK:  Read the following articles: ▪ Documenting Diffusion ▪ How Wal-Mart is (Mis) Shaping the Global Economy by Richard Wilson