Untitled Slide

HISTORY

• Walmart was created by a man name Sam Walton in 1962
• Sam Walton also created Sam's Club
• In 1969, Walmart was officially incorporated.
• Walmart had made 1 billion dollars for the first time in 1980.
• By 1990, Walmart was America's number one retail store.

HOW WALMART BECAME SUCCESSFUL

• Walmart was founded on an"unshakeable" foundation.
• The lowest prices, anytime and anywhere.
• Having almost everything that you could want, Walmart became popular.

HOW THEY USED WANTS AND NEEDS

• Walmart has everything from groceries to TV's.
• Since Walmart has so many goods in one place, people go there to save time.
• Since Walmart has a lot of wants, people will there to get them for cheap.

THE BUSINESS CYCLE

• Walmart's most recession-like time was in the 90s.
• The reason for this was that Walmart first put a store in Mexico.
• The store didn't make as much money as expected.
• The most prosperous time is right now.

HOW THEY USE FACTORS OF PRODUCTION

• Natural: They don't own any natural resources.
• Capital: The warehouses, trucks, registers, etc.
• Human: They have cashiers, managers, drivers, packagers.
• Entrepreneurial: The idea of the lowest prices, anywhere.