Multiple choice general knowledge science & technology

Founded in 1962, this company parlayed retailing innovations into worldwide dominance by the essence of discounting: by passing on the savings to customers and earning profits through volume.

  1. Sears, Roebuck & Co.

  2. Costco Wholesale

  3. JC Penny

  4. Wal-Mart Stores
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Wal-Mart was founded in 1962 by Sam Walton and pioneered the discount retail model, passing savings to customers through high-volume sales. This business model of 'everyday low prices' revolutionized retail. Sears, Costco, and JC Penny either have different founding dates or different business models.

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