The Rise of Walmart: A Business History Quiz

What year did Sam Walton open his first Walmart store?

• 1945

• 1962

• 1950

• 1970

What was the profession of Sam Walton's father?

• Salesman

• Farmer

• Teacher

• Doctor

How much revenue did Walmart generate in 2021?

• $500 million

• $572 billion

• $104 billion

• $1 trillion

What was Sam Walton's initial job in the retail industry?

• Sales trainee at JCPenney

• Clerk at Macy's

• Manager at Walmart

• CEO at Sears

In what year did Sam Walton die?

• 1975

• 1985

• 1992

• 2000

What innovative concept did Sam Walton implement in his stores in the 1950s?

• 24-hour opening

• Self-service

• Online shopping

• Home delivery

What was the main criticism against Sam Walton's business practices?

• Overpricing products

• Poor customer service

• Environmental damage

• Putting small retailers out of business

How did Sam Walton fund the expansion of Walmart initially?

• Private investors

• Inheritance money

• Profits and borrowing

• Government grants

What was the key to Sam Walton's success according to the text?

• Advanced technology

• Customer satisfaction

• International trade

• Stock market investments

What year did Walmart go public?

• 1980

• 1970

• 1962

• 1990