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.
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.