Target's Biggest Competitors: Walmart

I chose one of Walmart's biggest competitors. Target uses the LIFO method. The LIFO method has its advantages and disadvantages just like the FIFO method. So as prices rise the cost of purchasing merchandise goes up, since they are using the LIFO method those cost are recouped faster. Next all business need to keep track of their revenues and cost so it can continue to thrive, so I feel using the LIFO would be better for the business to keep track of that information. Lastly the LIFO method keeps a business reporting taxes as low as they can possible be. Now some of the disadvantages of the LIFO method, so we mentioned rising prices but if the cost of purchasing merchandise drops using this method would have an opposite effect and would take