What Is Amazon?

But, fundamentally, Walmart’s business was mostly about the first two things that Mr. Walton always mentioned: “a wide assortment of good quality merchandise” at “the lowest possible prices.” And, for the first four decades or so, Walmart became the best in the world at doing exactly that: using the square footage it had in each store as effectively as possible, stocking it with good quality merchandise at the lowest possible prices, and maintaining sufficient inventory to satisfy the resulting customer demand. Rather, Sam Walton was the ‘intelligent designer’ behind the Walmart algorithm: that is, a) “a wide assortment of good quality merchandise”, b) offered “at the lowest possible prices,” c) backed by “guaranteed satisfaction” and “friendly, knowledgeable service,” d) available during “convenient hours” with “free parking” and “a pleasant shopping experience,” e) all within the largest, most convenient possible store size and location permitted by local economics.

Source: zackkanter.com