Question

A) According to Fishman, what are the effects of Wal-Mart's business model on consumers, suppliers, workers, and their

Answer 1

Answer:

According to Fishman, Wal-Marts business model effects suppliers, workers, and their communities. This occurs because the store was striving to keep their costs as low as possible. The idea of having the lowest costs quickly spread from the company to the suppliers because in order to provide the customers the lowest price the company has to be able to buy the goods at the lowest price. As the company grew in size, they worked to exhaust every method that could possibly save them pennies on materials, packaging, labor, transportation, and display. This became know as the "Wal-Mart effect"

This business model reflects the problems generally associated with globalization that are commonly cited by critics because it all depends on the manufacturers making and selling the cheapest products possible. These manufacturers are found all over the world which creates the global business model. Just like other models, if one part stops working as it is supposed to all the other parts would be affected, so if one countries production or overall revenue decreased than the whole world would be affected.

Explanation: