Costco Is A Membership Warehouse Club

3563 Words Mar 8th, 2015 15 Pages
COMPANY ANALYSIS
Company Description
Costco is a membership warehouse club that wants to charge the lowest prices on quality brand-name merchandise. With hundreds of locations worldwide, Costco sells a wide selection of merchandise. Costco has specialty departments and exclusive member services. (Costco)
Mission
“To continually provide our members with quality goods and services at the lowest possible prices.”
In support of this mission, Costco has identified the following five responsibilities:
1.) Obey the law
2.) Take care of our members
3.) Take care of our employees
4.) Respect our vendors
5.) Reward our shareholders (Miller)
Human Resources
Most of Costco’s current home and regional office team members are home grown. This means that the team members started in warehouses, depots and business centers, learned the business and moved up within the company. This philosophy helps in making promotional opportunities available for individuals.
Today, Costco has accountants, lawyers, buyers, and human resources personnel who began their careers as stockers or cashiers in their locations. Costco 's future officers are now working in Costco warehouses, depots, and business centers, as well as the Home and Regional Offices. (Costco Jobs)
Product portfolio
From fresh and packaged foods, sundries, electronics, sporting goods, hardware and automobiles to apparel, luggage, housewares, linens, and travel, Costco sells product lines such as items like high-end jewelry, men 's suits…
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