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Walmart is a multinational corporation that incurs significant profit due to the wholesale and retail business. It is a major American employer and a competitive brand across the region. In this case, the company incurs high amounts of revenue from the transactions both in stores and through online platforms. In 2019, the organization reports the revenue marked at $514,405,000 while in 2020 it recorded $523,964,000. The prevalent higher score on the income generated in 2020 despite the COVID-19 pandemic is an indication of the impact of its brand. A significant percentage of the American population advocate for the trademark because of the cheaper and better-quality goods and service experience. As a result, people prevailed in purchasing the products from Walmart during the economic lockdown. Primarily, there is a significant financial prosperity and future for the enterprise due to the diversification of its activities and the established hallmark across various regions.
Walmarts financial records show the proficient stability of the company and consistency in the operations despite the COVID-19 pandemic. One of the prominent factors determining the state of the organization is the diversification of the transactional platform. Apart from in-stores revenue, the enterprise attains profound profits from the website customer traffic serving the global population. The institution ensures the significant marketing of the brand among potential customers as a leading approach for altering consumer behavior. The purchasing pattern among the clients involves prioritizing service experience, product knowledge, and pricing. Fundamentally, the integration of the dynamic values attracts an array of diverse buyers from different geographic locations. The primary responsibility of the management involves incorporating integral strategic management that contributes to the acquisition of a competitive niche market position.
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