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Examine the costs of production for Walmart. a) Analyze the various costs that Walmart faces, their trends over time, and how they have impacted your firm’s profitability. b) Apply the concepts of variable and fixed costs to Walmart for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the Walmart’s level of output. Explore the overall market for Walmart. a) Discuss the market share of Walmart and its top competitors by providing details on current percentages for Walmart and describing the trend over time. You might consider presenting the data graphically. b) Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on Walmart’s future in the market. c) Describe the market structure for Walmart and analyze how this affects the firm’s ability to influence the market. Recommendation a) Develop a recommendation for how Walmart can manage its future production by synthesizing the data presented. b) Suggest how the Walmart's position within the market and among its competitors will allow it to take your recommended action. c) Describe how Walmart can sustain its success going forward by evaluating the findings from demand trends and price elasticity.
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