Economics case assignment module 01 Essay Example | Topics and Well Written Essays - 500 words - 1

economic science case assignment module 01 - Essay ExampleThis reflects the companys high premium on supply and demand. It also values customers by giving many incentives that will attract new buyers and celebrate old ones.To further the relationship between Wal Mart and Economics, the border Efficiency, Technology , and Price were chosen since these be actually some of the factors that have contributed to the growth of this business. The first term susceptibility denotes achieving the maximum potential of an fruit ( products or services) that is brought by the resources and technology. An organization as big as Wal Mart would not be able-bodied to thrive in the market if it isnt efficient. Its expansion even to other countries benefits much from the readiness of the organization to harness the potential of its resources. One of its focus is human resource management which equips its employees the skills that increase their susceptibility in delivering services to the custo mers, thereby, producing favorable results as seen from their growth. Even having their own fleet of trucks dramatically increased their efficiency in supplying their stores. The term Technology complements the efficiency of Wal-Mart since this business has proven that one of the contributing factors for its efficiency is technology. A concrete example would be its direct access to P&G that enables it to replace its shelves quaternity times faster than the competition thus , approving that efficiency is highly correlated with technology. The third term price implies that sellers and buyers must agree on the exchange of products and services. In the same manner, Wal Mart has met the price that the consumers atomic number 18 willing to pay for since its prices are low. Interestingly, this is again a contribution of efficiency since the company keep the cost very minimal because of the logistics system that they have. Their efficiency in