Costco Fortune 500 Company Economics

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I decided to do my research paper on Costco because I’ve always admired their consistency, separation and distinguishing company ethic/philosophy which stands out in corporate America. People tend to ask the question, “Can the rest of corporate America become more like Costco? Or will Costco, buffeted by the same disruptive changes affecting all of retail, be forced to become more like everyone else?” (Brad Stone, Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World, page 1) Also, I’ve been inquiring about Costco before this primary research. I’ve always considered working with Costco due to their impeccable employee benefits & pay. Obtaining the research wasn’t hard, for Costco doesn’t seem like one of those companies who are illusive and try to maintain discreet with all their operations. The two founders are always doing interviews, and provide much commentary and insight into their working world and the evolution of Costco. There were no major obstacles performing my research, but it was rather hard to find a major Costco scandal that plagued them. The reason for that is because there isn’t any of such a severe magnitude! Costco Wholesale Corporation was founded on September 15th, 1983 by James Sinegal and Jeffrey Brotman. The two founded Costco to allow small businesses and families to purchase a variety of high quality, brand name items for a better value, and significantly lower price. The idea is, that businesses can purchase items in bulk, and then resell them for an individual price per item, thus bringing in a quantitatively larger profit. According to Jim Sinegal, the Company's Co-Founder and Director, "Costco is able to offer lower prices and better values by eliminating virtually all the frills and costs historically associated with conventional wholesalers and retailers, including salespeople, fancy buildings, delivery,

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