1. How might the entry of Walmart into the European retail sector benefit that sector? Who could lose as a result of Walmart’s entry? Why has it been so hard for Walmart to make a profit in Germany? 3. What might the company have done differently in its early years in Germany?
2. Discuss the differences between second-party payment and third-party payment. What led to the creation of the third-party payment system?
3. Explain the systematic risk principle and how it relates to beta.