Learning Team Reflection Week 5
This paper is a reflection of the Wholesale Retail industry. The companies in question are BJ’s Wholesale Club, Costco Wholesale Warehouse Corporation, Wal-Mart’s Sam’s Club are the three major Retail Wholesale companies in the USA and international. Costco is the number one wholesale warehouse.
Our class and specifically our team, Team A, learned about the entrepreneurial forms of business. We learned that the most popular forms of business are the Sole Proprietorship and the Corporation. Some major advantages of Sole Proprietorship are the owner is the business, and the ease of formation. There are several types of corporations such as Public v. Private corporations and Profit v. Nonprofit corporations. There are domestic corporations that are formed within the state. Foreign Corporation are formed in other states and alien corporations are incorporated in another country other than the USA.
We also learned of Torts and Negligence; such as how companies must know when to protect themselves, when to contact an attorney, and which type of attorney to contact. We learned of Alternative Dispute Resolutions. We learned of arbitration, mediation, and when to choose each for the best results for the company. We learned how to administer a contract, learned of risk management, and discrimination in the workplace.
Costco Retail Warehouse is the leader in Retail Warehouse. The management style of Costco is employee-oriented. One major difference in Costco management is Costco does not operate with a public relations department like other retail warehouses. Costco operates with satisfied employees and satisfied customers. In other words advertising is through word of mouth, satisfied employees, and customers. Costco does allow unions in the business, 14,000 of Costco’s 113,000 employees are Union members. Other companies in the