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Yes, Wal-Mart's business strategy is fair. Wal-Mart, (as you probably know) under prices some of its products and advertises them to the public. When they do this, they have to pay the price to stock the product. When they under price, they are selling the product for less then they had to pay to stock the item. That gets more people in the store. The customers then realize that the other prices arnt that bad either, so they buy that too. Therefore they make more money. But what most people fail to realize is that the companies producing the item are being paid for the product no matter what Wal-Mart sells them for. What is a "fair business strategy" as asked? Do you judge by the 25% (permanent) drop in the business of the "mom and pop" stores in areas where they move in? By the number of law suits agains them for unfair business practices? Many of them class action ones? Ask Dr. Ken Stone of Iowa State. He's been watching Wal-Mart for twenty years. He makes some good bucks on the side by advising local communities on ways to prevent Wal-Mart from moving in. Here's a quote from a big conference on Wal-Mart (conducted by observers and not the company). "Wal-Mart rezones our cities, determines the real minimum wage, channels capital throughout the world - and conducts a kind of international diplomacy." CEO and President H. Lee Scott denies all of it. And he predicts growth in the eight to nine percent range next year - and for the foreseeable future. You can't argue with that kind of power. In the dash for cash, they're at the front of the pack. By revenue, it's the world's largest public corporation. Lots of people think they don't play fair. And lots do. What will you pay in community "flavor" and in local business to have this company come in and set up shop?
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