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Regression Analysis

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Submitted By lmsmith1990
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Abstract

This assignment will discuss a multibillion company that is well-known around the world. In this assignment, the company will be researched, reviewed and analyzed. Background information will be covered, the types of research used, and the findings of the data.

Running Head: WALMART 3

Introduction
Walmart is a very popular company that serves many customers all over the world. It is the go to market for everything including food, medication, clothing, and even electronics. Customers admire value this company because of the wonderful customer service and its low prices that make all of the products affordable.
Business Background
Walmart is the largest retailing company located in the world. Having operating stores with over 100,000,000 customers per week, Walmart earns over $400 billion dollars per year. Walmart has over 2,000,000 employees within over 11,000 stores. These stores are located in over 27 countries. Some of these countries include the United States, China, and Uganda. In the United States alone there are over 5,000 Walmart brand stores. Within the different countries, the company of Walmart operates under 55 different names. Walmex, ASDA, Best Price, and Seiyu are all in the Walmart family.
Walmart began as a five and dime store founded by Sam Walton. The five and dime store became greatly successful; however Sam Walton visioned bigger dreams. Sam Walton wanted to support his customers by helping them to save by lowering his prices. The first Walmart was then opened in 1962 in Rogers, Arkansas. After the opening of Walmart, there were other stores that were brought into the family like Walmart Supercenter and Sam’s Club.
Description of Literature
“Quantitative research design is the standard experimental method of most scientific disciplines (Shuttleworth, 2008).” Also known as true science, quantitative research uses math

Running Head: WALMART 4 and a means of statistics to determine conclusive results. During this process, hypothesizes are proven or disproved. The hypotheses must be proved by either mathematical or a statistical point of view. Quantitative research is very beneficial because it can help with concluding the evidenced or non-evidenced information. As a disadvantage, quantitative experiments have been known to be quite difficult, expensive to conduct and time consuming. It also must contain an either or result. For instance, results of the hypothesis must be either proven or not proven.
Identify Research Method to be used
Walmart has been known to make its customers happy worldwide by keeping low prices and selling great quality products. They continue to keep their prices at an all-time low and manage to beat the prices of their competitors. Many people agree that it is a great place to shop especially for last minute items. It is even a place that wealthy people enjoy spending their money. It is appropriate to use the quantitative research method to gather the information.
Undertaking a Research Method and Analyzing
Walmart has several different brands that are compared to the name brand products that they sell as well. Most customers refer their brand products over others. Not only is it inexpensive, but its great quality products. A survey was conducted and 89% of people asked stated that they prefer Great Value and Equate Brands (Walmart) over regular brand named items. According to people-press.com, there are approximately 81% of Americans whom enjoy shopping at their local Walmart. There were 68% of Americans that think Walmart is good for

Running Head: WALMART 5 their area. 64% of Americans believe that Walmart was good for the country and 56% think that it is a great place to work. Overall, Walmart has a 69% of a favorability of corporation votes.
Conclusion
In conclusion, the Walmart corporation continues to grow year after year. It keeps and gains new customers by continuing to keep their prices to a minimum. According to the surveyed results, Walmart is a highly favored company that continues to keep their customers happy.

Running Head: WALMART 6
References
People-press.org. December 15, 2005. Wal-Mart a Good Place to Shop But Some Critics Too. Retrieved Online March 15, 2015 from http://www.people-press.org/2005/12/15/wal-mart-a-good-place-to-shop-but-some-critics-too/

Sehgal, Ujala. October 23, 2010. 16 Facts About Walmart That Will Blow Your Mind. Retrieved Online March 14, 2015 from http://www.businessinsider.com/16-walmart-facts?op=1

Shuttleworth, Martyn. March 7, 2008. Quantitative Research Design. Retrieved Online March 15, 2015 from Explorable.com: https://explorable.com/quantitative-research-design

Statisticbrain.com. July 12, 2014. Wal-Mart Company Statistics. Retrieved Online March 14, 2015 from http://www.statisticbrain.com/wal-mart-company-statistics/

Walmart.com. 2015. Founder of Walmart. Retrieved Online March 14, 2015 from http://corporate.walmart.com/our-story/history/sam-walton

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