Question

Case Study - Sprucing Up Walmart For more than half a century, Walmart has prided itself on providing value to customers by being a low-price leader.61 But the consumer mindset is changing. Now "value" also means convenience, ease of finding what you want, and the ability to get exactly what you want when you want it. Nationwide dollar-store chains often have lower prices than Walmart, so that point of competitive advantage is fading.

Answer 1

A functionalist would view Walmart's model of squeezing vendors to get the lowest prices favorably as it aligns with their belief in maximizing efficiency and value for consumers, but they may also consider the negative consequences on small businesses and local economies.

Step-by-step explanation:

A functionalist would view Walmart's model of squeezing vendors to get the lowest prices favorably as it aligns with their belief in maximizing efficiency and value for consumers.

By obtaining the lowest prices, Walmart can pass on the savings to customers, which is consistent with their focus on providing low-cost products.

However, a functionalist may also consider the negative consequences on small businesses and local economies as a result of Walmart's dominance.