The Company I will use to describe is Wal-Mart.
The founder of Wal-mart was Sam Walton. Sam had a business called Ben Franklins in the 1940's before he started Wal-Mart in Newport, Arkansas. Ben Franklins is a variety store. Sam had a simple significant idea that was constantly looking for deals from suppliers. Even though he managed to get a good arrangement from a wholesaler that would leave his store prices unaffected and pocket the extra money. Sam had realized he could do better by passing on the investments to his customers and earning his profits through volume. This approach would shape the business strategy when Sam started Wal-Mart in 1962.
(Reclaim Democracy, 2006)
Wal-Mart Stores are based in the U.S.A. Wal-Mart stores are the largest retailer and corporation. Internationally, Wal-Marts operations are located: El Salvador, Mexico, United Kingdom, Guatemala, Japan, Nicaragua, Argentina, Brazil, Canada, Puerto Rico, China, Costa Rica, Honduras, and South Korea. Wal-Mart has sold it's retail operations in Germany and South Korea.
Wal-Mart is also apart of Sam's Club, it is a chain of warehouse clubs that sells groceries and general merchandise in large quantities. In July 2006, Wal-mart withdrew operations from Germany due to sustainable losses.
(Answers, 2007)
Wal-Mart's once a year report in 2006 reported that the company faced 57 wage and hour lawsuits. These lawsuits have been won or are working their way through the legal process in states such as California, Indiana, Minnesota, Oregon, Pennsylvania and Washington. Wal-Mart's Chinese factory workers are treated poorly. The workers making clothes for Wal-Mart in Shenzhen, China filed a class action lawsuit against Wal-Mart in September 2005 claiming they were not paid minimum wage, ...