Many small businesses are being forced to close because they are unable to compete with multinational corporations. What problem does this cause and how can those problems be solved?

Nowadays we are facing the disappearance of local businesses and international businesses are outperforming them, the main reason behind

this

scenario is mainly because of globalization and poor diversity of products. There are several measures which should be taken in order to tackle the closure of local trading issues. The primary reason is globalization, due to noticeable progress of technology people are communicating with each other more than any time,

hence

they are fully aware of their friends tastes and demands and they much closer than before, so all these events lead to globalism. Unfortunately, the majority of small stores are providing just local needs of their customers which is in contradiction with international marketing purpose.

Consequently

, these tiny markets go out of work gradually because they have enough potential to compete with international marketing monsters. The

second

evident reason is the limited variety of products, these local trading centres are the master of providing just their region and ally goods, but the story is totally different when it comes to presenting products for all dwellers.

as

Suggestion

As

a result, they just share a limited range of products in their shelves which does not appeal to civilized dwellers because they mostly busy and struggling with their hustle and bustle,

therefore

when they visit a shop they want everything prepared and ready at the moment to purchase and save their time. There two effective solutions to the problem of small business closure. One way is the governmental aids, the governments should subsidize local stores to give them the opportunity to compete with multinational stores, because they mostly lack sufficient fund. Another method is imposing heavy taxes on multinational markets while enabling tax-free marketing for small businesses. In

this

way the authorities are able to maintain the balance between these rivals and

also

narrowing the income gap between them. In conclusion, granting funds by rulers and proving tax free business for local markets seems to be effective options to deal with small business termination.