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Chapter 6

Chapter 6. What do we actually know about Wal-Mart?. Who predicted in 1993 that “[Wal-Mart] has a good chance of becoming the biggest business in the United States”?. Ken Stone. What is the error in the annual inflation rate for groceries caused by ignoring Wal-Mart?. 15% or $6.6 billion.

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Chapter 6

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  1. Chapter 6 What do we actually know about Wal-Mart?

  2. Who predicted in 1993 that “[Wal-Mart] has a good chance of becoming the biggest business in the United States”? Ken Stone

  3. What is the error in the annual inflation rate for groceries caused by ignoring Wal-Mart? 15% or $6.6 billion

  4. What is the overall change in the amount of jobs in a county five years after a Wal-Mart is opened? Gain of 30 jobs

  5. Buyers who spend a large proportion of their grocery expenditures on what items are unlikely to shop at Wal-Mart after one opens? Fresh produce, seafood, and home meal replacement items

  6. How many workers does a typical Wal-Mart employ? 150 to 350

  7. What two rules of thumb did Stone give about who benefits when a Wal-Mart is opened? Merchants selling goods or services different from what Wal-Mart sells are natural beneficiaries. Merchants selling the same goods as Wal-Mart are in jeopardy.

  8. In what state did Ken Stone first complete his study of the effects of Wal-Mart? Iowa

  9. How much of the national grocery market does Wal-Mart control? $124 billion or 16%

  10. According to Singh, the majority of a supermarket’s losses after a Wal-Mart opens are caused by… Fewer visits from customers

  11. Roughly how many American families are in poverty due to Wal-Mart? 20,000

  12. Chapter 7 Salmon, Shirts, and the Meaning of Low Prices

  13. How much does Salmon cost per pound at Wal-Mart? $4.84

  14. Where does Wal-Mart buy all its salmon from? Chile

  15. What was the total world farmed salmon harvest for the year 1985? 50,000 metric tons

  16. Which company imposes standards on its seafood suppliers? Darden Restaurants

  17. What is the processing plants’ biggest problem? Harsh labor practices

  18. If RobinaAkther did not sew 120 pairs of pants per hour at the western dressed factory, what would happen to her? The supervisor would slap her across the face with the pants she was sewing.

  19. If RobinaAkther worked for fifty years at the western dresses factory, what would her total wages have been? $16,200

  20. In 2004, how many factory inspections were conducted by Wal-Mart? 12,500

  21. Who is Rodrigo Pizarro? An economist who heads Terrim, Chilean foundation dedicated to promoting sustainable development in Chile.

  22. What does Pizarro think is one point of leverage that Wal-Mart never ignores? Shoppers

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