Price is very important. Customers will go to great, great lengths to get lower prices. People would drive five hours to other cities to get a deal on goods. He found that by pricing it at one dollar, i could sell three times more of it than by selling the item at a higher price. And always low prices, always. There it is. We're not quite at walmart yet, though.
We kick off Season 11 with the incredible story of the retail “granddaddy of them all” Walmart, and its founder Sam Walton. Once you study Walmart, you realize just how deep its heritage runs through Amazon and so many iconic modern companies we cover on Acquired. This episode was an absolute blast, and we even uncovered a new addendum to the hallowed “focus on what makes your beer taste better” playbook theme!
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