How Walmart Achieved This Low Cost Competitive Advantage
Wal-Mart Stores Inc. is one of such companies in the retail sector that has achieved sustainable competitive advantage over a period of time. ¬This report focuses on how Wal-Mart has achieved competitive advantage by adopting cost leadership strategy and providing consumer goods at lower prices. The report also discusses how Wal-Mart is taking lead on environmental sustainability by investing in solar power plants, offering environment friendly products in its various stores and encouraging recycling of different products.
Wal-Mart maintains their strategy of low-cost leadership, which appeals to a larger market than competitors.
This has been the primary resource that has helped Walmart remain top of the competition and sustain its competitiveness over the years.
It was able to maintain its economic profit even though it has competition from other firms.
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