I was really impressed with your presentation. Your paper is impressive and honestly far more thorough than mine. Thank you for the questions that you asked in the live discussion. I was not able to log on and the questions you asked helped me to have a better understanding of the Milestone project.
This paper is excellent! You write in a very engaging and professional manner. One area that interested me in your paper was your discussion on supply and demand. More specifically, your reference to Walmart’s changing demand for 2022. With inflation, I can see why there is less demand for nonessential goods like apparel and home goods. Maggie Valenti shares in her article that, “A significant portion of people (42%) also report changing their grocery spending habits. They report avoiding name brands and focusing on essential items.” (Valenti, 2022) As people are focusing more saving money and getting by without non-essential items, I am sure we will hear more about warehouses teeming with non-essential items. Anyway, thank you for sharing your research and perspectives.
You had a great first mile stone. I really want to expand on Walmart's comparative advantage. A major competitive advantage of Walmart how they sold more goods due to building more stores in a global market. Walmart has a clear comparative advantage due to economy of scale. According to Cowen & Tabarrok, 2020 economy of scale is "the advantages of large-scale production that reduce average cost as quantity increases. Due to Walmart have store and distribution centers in many counties around the globe it allows them to out sale their competitors to include target. Having a global market helps keeps prices low as well, and aids Walmart in honoring their everyday low price model.
I was really impressed with your presentation. Your paper is impressive and honestly far more thorough than mine. Thank you for the questions that you asked in the live discussion. I was not able to log on and the questions you asked helped me to have a better understanding of the Milestone project.
Sage,
This paper is excellent! You write in a very engaging and professional manner. One area that interested me in your paper was your discussion on supply and demand. More specifically, your reference to Walmart’s changing demand for 2022. With inflation, I can see why there is less demand for nonessential goods like apparel and home goods. Maggie Valenti shares in her article that, “A significant portion of people (42%) also report changing their grocery spending habits. They report avoiding name brands and focusing on essential items.” (Valenti, 2022) As people are focusing more saving money and getting by without non-essential items, I am sure we will hear more about warehouses teeming with non-essential items. Anyway, thank you for sharing your research and perspectives.
Best Regards,
Kristy
References
Valenti, M. (2022). US Economy 2022: Inflation Has Changed 80% Of Consumers' Spending Habits. International Business Times. Retrieved 4 September 2022, from https://www.ibtimes.com/us-economy-2022-inflation-has-changed-80-consumers-spending-habits-3528650.
Good morning Sage,
You had a great first mile stone. I really want to expand on Walmart's comparative advantage. A major competitive advantage of Walmart how they sold more goods due to building more stores in a global market. Walmart has a clear comparative advantage due to economy of scale. According to Cowen & Tabarrok, 2020 economy of scale is "the advantages of large-scale production that reduce average cost as quantity increases. Due to Walmart have store and distribution centers in many counties around the globe it allows them to out sale their competitors to include target. Having a global market helps keeps prices low as well, and aids Walmart in honoring their everyday low price model.