Sam Walton and the Rise of Walmart

Where was Sam Walton born?

• Kingfisher, Oklahoma

• Columbia, Missouri

• Des Moines, Iowa

• Rogers, Arkansas

What was the name of the first store Sam Walton bought?

• Ben Franklin Store

• Walton's Five and Dime

• Sam's Wholesale Club

• Walmart

What was the initial offering generated when Walmart went public in 1970?

• 1 million dollars

• 5 million dollars

• 10 million dollars

• 50 million dollars

What strategy did Sam Walton adopt to reduce the prices of his goods?

• Higher profit margins

• Limited product selection

• Higher advertising costs

• Volume-based sales

What year did Sam Walton open his first Walmart store?

• 1950

• 1962

• 1970

• 1983

What was the purpose of Sam's Wholesale Clubs?

• To compete with small retailers

• To offer discounts on bulk purchases

• To provide exclusive membership benefits

• To target small business owners

What was the annual revenue of Walmart at the time of Sam Walton's death?

• 104 million dollars

• 104 billion dollars

• 1 trillion dollars

• 10 trillion dollars

What criticism did Sam Walton face regarding his retail business?

• Competing with large retailers

• Putting small retailers out of business

• Charging high prices for goods

• Lack of customer service

How many stores does Walmart currently have?

• 1,000

• 5,000

• 10,500

• 20,000

What is the annual revenue of Walmart today?

• 100 million dollars

• 100 billion dollars

• 500 billion dollars

• 1 trillion dollars