The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
After a long break I am back to blogging again. In between I had a short stint as a copy writer with some American agency. I fell short with my little knowledge in English to meet the demand of their language churning machines. Well said by one of my friend, they are out to make mass production of literature with that software, as Ford started assembly line of production of his cars, early in the last century. Anyway, I too am thinking to focus on different areas of discussion. Consumer movement is still in nascent stage in our country. Though the relevant laws are framed, many seminars, workshops are held with lots of drum beatings. Still we are there now where we were 20 years ago. Thanks to our system which puts snails ashamed! Getting judgments for your genuine grievances, the time factors saps all your energy. That offers the field day here to manufacturers, service providers, professionals’ et al to loot the gullible consumers.
You know the medicine you buy should cost much less. The bill you pay for any health care service would cost you much less, had they been free from the cut money or commissions paid to doctors! It is open secret, but we stand helpless. The consumer durables, like your TV, Fridge, Music systems, washing machine and all others, you buy may push you in a trap. The trap is laid as after sales service of service contract besides the products itself being substandard, many a times.
So, I thought of making some contribution though this, in the area of consumers’ right. I personally have gathered some experience as gullible a consumer; at least I can share those experiences, so others can stay away from such happenings. Of course your contribution in the form of comments may offer great resource.
You know the medicine you buy should cost much less. The bill you pay for any health care service would cost you much less, had they been free from the cut money or commissions paid to doctors! It is open secret, but we stand helpless. The consumer durables, like your TV, Fridge, Music systems, washing machine and all others, you buy may push you in a trap. The trap is laid as after sales service of service contract besides the products itself being substandard, many a times.
So, I thought of making some contribution though this, in the area of consumers’ right. I personally have gathered some experience as gullible a consumer; at least I can share those experiences, so others can stay away from such happenings. Of course your contribution in the form of comments may offer great resource.
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