How does costco differ from other retailers what is their, Business Economics

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How does costco differ from other retailers what is their

1. How does Costco differ from other retailers? What is their business model?

2. Who is the Costco target customer? Why?

3. Why are the stores laid out the way they are? How is this different from other retailers?

4. Why does Costco keep the price of its hot dogs and other fast food so low? How does it do it?

5. Why does Costco charge a membership fee?

6. Does it pay to be a Costco member? How would an economist calculate the cost of membership?

7. Visit a local Wal-Mart. How do Costco and Wal-Mart differ? (You can look this question up online but I do want your personal observations)

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