COSTCO Meaning and
Definition
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Costco is a multinational retail corporation operating a chain of membership-only warehouse clubs. Founded in 1983 in the United States, the company primarily caters to individual and business customers seeking to purchase goods in bulk at discounted prices. The organization is well-known for its high-quality products and exceptional value, offering an extensive range of merchandise from various categories such as groceries, electronics, appliances, home furnishings, and apparel.
Distinctive to Costco is its membership model, which requires customers to hold an annual subscription in order to shop at their warehouses. This membership grants individuals and businesses access to Costco's extensive product offerings, as well as exclusive services like discounted travel packages, insurance coverage, and access to Costco's gas stations. Additionally, Costco emphasizes a low-profit margin business strategy, focusing on delivering affordable prices to their members while maintaining customer satisfaction.
Costco warehouses are renowned for their spacious layouts, bulk quantities of products, and an emphasis on a self-service shopping experience. The company's commitment to providing customers with high-value products and exceptional savings has garnered a loyal customer base across the globe, with numerous locations operating internationally.
In summary, Costco is a membership-based warehouse club that offers a wide range of merchandise at discounted prices to both individual and business shoppers.
Common Misspellings for COSTCO
Etymology of COSTCO
The word "Costco" has a relatively straightforward etymology. It is a combination of two words: "Cost" and "Co".. The term "Cost" refers to cost price or the amount paid to acquire something, while "Co". is an abbreviation for Company. Therefore, the word "Costco" essentially means "Cost Company", implying a focus on providing goods at cost prices to its members.
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