Described as "strictly an experiment" by Sam Walton when it first opened in 1983, Sam's Club has grown to 715 locations, including 122 in foreign territories. A host of owners of caterers, restaurants, motels, and other small and larger businesses recently gathered at Sam's locations across the country to celebrate the 25th anniversary of the wholesale club concept of Wal-Mart. What do you think of Sam's strategy for focusing on small business owners? Is Sam's differentiated enough from its main competitor, Costco?

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