Wal-Mart is known for having the lowest prices, and that's competition for other stores. Wal-Mart has everything you need, more than others, cheaper than others, and just darn right nice to look at. Wal-Mart has the largest amount of employees. Now they're having the lowest food cost in decades, but only in U.S. stores. Basically the poorer countries have to pay more. Yeah I know, that's stupid.
Wal-Mart is doing this because they have competition, with Amazon Inc.
I personally think it's great to drop prices on food. It's actually a money making strategy. Let's say you increase the price of a box of cereal, for example my favorite Raisin Bran(haha). Less people would buy a box of Raisin Bran if the cost of it was $10, but if it was $3.50 more people would buy it, or another brand. It's smart and devious, but at the same time alright with me.
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