Large business have big budgets for marketing and promotion and as a result , people gravitate towards buying their products . What problems does this causes ? What could be done to encourage people to but local product ?

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Modern world corporate
companies
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spend lots of money on
such
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as branding. It is an essential part of the Business
hence
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products
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will get the awareness in the public definitely it will increase
sales
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volume people will get attract buying the
products
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Multinational
Companies
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are involved in differential marketing technologies
for instance
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Digital Marketing through social media campaigns, nowadays google offers multiple marketing tactics for increasing the
sales
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, on the other ,hand youtube offers product promotions through videos as well as media promotions
for example
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newspapers and TV Programmes it will help to reach to target customers very quickly
Secondly
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, Small
Scale
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businesses always depend on conventional marketing strategies including reference marketing, door to door marketing
however
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local manufacturers can increase
sales
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turnover by organizing
sales
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events and exhibitions of attracting to the
products
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. Local
products
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have numerous advantages and will be more genuine and long
last
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. On the other, hand Big
companies
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will use many marketing concepts
consequently
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people will intend to buy the product it will not fulfil the needs and promotions will express positive parts the
products
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it will not be transparent in all aspects Society should promote Local
Products
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otherwise
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small
scale
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industries will collapse. local
products
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manufacturers realize the customer's needs and requirements To Conclude, Multinational
Companies
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forecast huge amounts of wealth for Marketing and Branding Due to
this
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Process small
scale
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industries always face financial losses and struggle in market situations. Government Should implement particular rules for the welfare of small
scale
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businessess
Correct your spelling
businesses
and provide the financial facility
also
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Submitted by ramutty2006 on

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Topic Vocabulary:
  • monopolization
  • market diversity
  • consumer choice
  • cultural erosion
  • traditional crafts
  • concentration of wealth
  • economic growth
  • grassroots level
  • quality standards
  • sustainability
  • carbon footprint
  • financial incentives
  • tax breaks
  • subsidies
  • public awareness campaigns
  • reduced environmental impact
  • collaboratives, cooperatives
  • competitive edge
  • certification system
  • authenticity
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