Costco Wholesale Corp: Mission, Business Model and Strategy - Assignment Example

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Costco was founded in 1983, using its membership business model.... The company operates a membership card system to its clients, which entitled them to shop at any Costco warehouse; this business model generated nearly $1.... The business model of Costco is geared towards generating high sales volume and rapid inventory turnover by offering low prices to fee-paying embers in a wide range of product categories (Gamble, 2013).... In this business model, Costco operates profitably at significantly low-profit gross margins....

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