Were costco and wal-mart being true to mission statements

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Reference no: EM133624316

Problem: According to a New York Times report in 2005, Costco was paying its employees 42 percent more per hour than Wal-Mart at that time, while offering lower prices than other establishments. According to an Op-Ed published in response, an academic study showed that Wal-Mart entering a market decreased prices in rural areas by 8 percent and in urban areas by 5 percent. This resulted in consumer savings of approximately $16 billion per year, primarily in rural locations and primarily for customers who, according to the analysis of the Op-Ed writers, need the most help. As far as you can judge by these reports, were Costco and Wal-Mart being true to their mission statements?

Reference no: EM133624316

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