Did Wal-Mart Inflate Profit and Sales in China?

The video discusses Walmart's sales practices in China, highlighting issues with bulk sales, inventory buildup, and price markups. Internal reports and employee interviews revealed disingenuous practices to meet sales targets. Management changes were made in response to these findings. Currently, Walmart faces challenges in China, including store closures and job cuts due to retail deflationary pressures.

What was one of the main issues with Walmart's reported sales figures in 2010?

• They were lower than the actual sales.

• They included sales that did not actually occur.

• They were based on actual sales data.

• They were only reported for the U.S. market.

How did Walmart reportedly manipulate prices to meet sales targets?

• By offering permanent discounts.

• By increasing prices at the start of the month.

• By marking up prices at the end of the month and reducing them at the start of the next month.

• By keeping prices constant throughout the month.

What was one of the outcomes of the internal investigations into Walmart's practices?

• Several top managers left the company.

• The company expanded its operations in China.

• Walmart increased its workforce.

• The company received an award for transparency.

What is one reason Walmart's net sales fell in China?

• Increased competition from local retailers.

• A rise in consumer spending.

• Retail deflationary pressure.

• Expansion of store locations.

What strategic change did Walmart implement in response to its challenges in China?

• Opening more stores.

• Hiring more staff.

• Increasing marketing budgets.

• Closing some stores and cutting jobs.