preview

Goliaths Report: Wal-Mart's Uniform Market

Satisfactory Essays

Personally, I was surprised about some of the facts that were reported in the Goliaths report. For starter, I didn’t expect farmers to get only a small fraction of the money, while companies and retailers received most of them. It’s no wonder that we see less and less farmers nowadays. In addition, the fact that our market is being controlled by 3-4 largest retailers is a bit worrisome, because overtime, it would result in a uniform market. Take Wal-Mart for example, they are not just the world’s largest retailers, but also the world’s largest company. With its wealth and resources, Wal-Mart tried to bring the lowest possible prices to its consumers, regardless of the products. However, it comes with a cost, as Wal-Mart has to squeeze profits

Get Access