The Duke and Duchess of Sussex plane taxiing at airfield

What is Walmart primarily known for in the retail industry?

• Luxury goods

• Affordable pricing

• Online services

• Exclusive brands

Which strategy is a key component of Walmart's business model?

• Niche marketing

• Cost leadership

• Sustainability initiatives

• High-end product focus

Which of the following is NOT a characteristic of Walmart's operational strategy?

• Global supply chain

• High employee turnover

• Low-cost operations

• Focus on customer service

How does Walmart impact local economies?

• Reduces employment opportunities

• Promotes local artisans

• Increases local taxes

• Drives small businesses out of market

What is a significant effect of Walmart on consumer behavior?

• Encourages luxury spending

• Promotes brand loyalty

• Increases price sensitivity

• Decreases shopping frequency