AQA A-Level Geography - Global systems and governance - Walmart, TNC
Terms in this set (25)
What is Walmart?
The world's biggest retailer?
When did Walmart open?
How many stores worldwide?
When did it go international?
How many stores does it have outside the US?
Excluding the US, how many countries has it expanded to?
What happened in 1997?
Became largest employer in the US, and exceeded the $100bn annual sales mark for the first time.
When did Walmart expand to China?
How did Walmart have to change its model of being a globalised company in China?
Chinese tastes were different from elsewhere, and had to change the products they sold to suit Chinese markets.
What types of different products did Chinese Walmarts sell?
Stewed pork ribs, chicken feet
What was a difference between the China and US stores?
The veg section in Chinese stores is twice as large as in US stores.
What impact did Chinese regulations have on Walmart?
They had to get the alcohol and tobacco from local suppliers.
When did Walmart enter Germany?
How many hypermarkets did Walmart take over in a year in Germany?
What was removed from German stores?
The front-of-store 'greeters'
Why did Walmart leave Germany?
Disputes over labour costs
What came about from Walmart's German endeavour?
The creation of 'singles' shopping nights' on Fridays, which increased Friday night profits by 25% and is now done in Canada and South Korea.
What impact does Walmart stores have on CBDs?
Turns them into ghost towns - their stores are stadium-sized.
What impact does Walmart have on local, small businesses?
Forces them to go out of business
Why do problems with workers arise more commonly in Walmart than in any other retailer?
Walmart is vehemently against worker unionization.
What difference in pay exists between the US and China?
US workers earn $6 an hour, in China only $1 an hour.
Walmart buys in bulk; what is an example of this?
They bought $6bn worth of goods from China in 2002.
What did they do in Argentina in 2008?
Created 450 jobs and donated $77,000 to local projects.
How does it help people in less economically developed countries?
Offers skilled jobs.
Why is the size of its stores controversial?
They take up a lot of land - land that could be used for farming.