Large businesses have big budgets for marketing and production and as a result, people gravitate towards buying their products What problems does this cause? What could be done to encourage people buy local products

Big corporations not only have enormous revenues to manufacture quality items but

also

have huge promotion budgets.

That is

why local

businesses

could not able to compete with them in both the quality and advertisement. There are multiple reasons for

this

phenomenon but sensible planning can save local

businesses

.

To begin

with, there are many causes for the booming

businesses

of large

companies

.

First

and foremost, most multinational firms hire the best employees from all over the world due to their lucrative salaries.

For example

, Google an IT giant recruits the extra-ordinary brains around the globe who make road-maps for the corporation. Resultantly, these

companies

earn far more profit than their investments due to the intellectual abilities of employees.

Secondly

, higher budgets to purchase the state-of-the-art equipment for firms which produces standardized item at industrial level. Meanwhile, the robust promotions of products, make them unmatchable in the market. Regarding the support of local

businesses

, several pragmatic measures can be taken to revitalize them. The governments should decrease taxes on small

businesses

to encourage them,

for example

, there should be

not

Correct your spelling

no

show examples

extra levies on the sale and purchase of items produced by the domestic industries.

Furthermore

, people should prefer to buy locally manufactured things rather than branded items, so that, the earnings of local

companies

improve.

Moreover

, the administrations must increase duties on imported goods in order to reduce the profit margins of business giants and that money should be used to promote small corporations. In conclusion, an abundant amount of money is a major reason for the growth of large

companies

which has damaging effects on community

businesses

. The collective efforts of the governments and customers can help them to survive in the highly competitive market.