Due to the development and rapid expansion of supermarkets in some countries, many small, local business are unable to compete. Some people think that the closure of local business will bring about the death of local communities. To what extent do you agree or disagree?

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Many people argue that the advent of foreign investments in supermarkets has posed a serious threat to domestic
business
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, and that will result
in
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at
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the end of local residents. In my opinion, I do not agree with
this
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point of view. The
first
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reason is that local consumers might be able to gain access to a variety of exotic
products
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from
oversea
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overseas
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brands in supermarkets. It can be explained by the fact that local enterprises sometimes fail to provide customers with intriguing
products
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.
In addition
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, their portfolios are not
various
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varied
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as they do not invest money in research and development. For that reason, consumers do not find domestic brands appealing anymore so they will look for something worth their money. Imported goods in supermarkets,
on the other hand
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, draw their attention and people can purchase a wider array of
products
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ranging from cosmetics, electronic devices or even sweets. The
second
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reason is that local companies can capture
this
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opportunity to become
business
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partners with foreign brands. It is undeniable that firms in the host country are aware of their customer demands so they know what people yearn for to analyze and come up with suitable
products
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. To be more specific, local businesses can conduct a survey about consumers’ preferences. The result
then
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will be submitted to their
business
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partner to work with their team in order to launch new
products
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.
As a result
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, both enterprises can meet their customer demands and boost their sale. In conclusion, globalization might bring obstacles to local
business
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but it unfolds the future for local companies to expand their reach into the new
business
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as well as satisfy customer shopping needs.
Submitted by phamduchien711 on

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