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To: Toddsterpatriot
Yep. The average grocery store has a profit margin of 1-2% overall, so Wal-Mart is doing quite well compared to them.

For the nonce, try looking up and then reading on the actual production costs of mass-produced items (including processed foodstuffs), and the mark-ups along the way for transport, shipping, middlemen, and the like.

The savings from going overseas are the lower wage scales, lack of environmental regulations, and the like; the physics and chemistry of the production processes are identical.

Cheers!

482 posted on 10/05/2007 3:45:15 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: grey_whiskers
The average grocery store has a profit margin of 1-2% overall, so Wal-Mart is doing quite well compared to them.

Why compare them to a grocery store? Maybe show that their profit margin took a big jump since their foreign sourcing increased?

500 posted on 10/05/2007 5:51:04 PM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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