In recent years, many small local shops have closed because customers travel to large shopping centres or malls to do their shopping. Is this a positive or a negative development?
Across the globe, many retailers are shutting down their businesses
due to
low patronage from traffic since they prefer buying from bigger stores. This
is considered a negative trend because the economy would be badly affected and clients would not have access to personalized duty.
To start with, a decrease in consumers' patronage of small-scale businesses has a negative effect on the national GDP. In other words
, it takes only a thriving business to pay taxes and other necessary bills expected of them either at the national, state or local level. This
is because low patronage tends to discourage business proprietors and also
leads to low capital accumulation. For instance
, Ibadan North L.G.A
has reported a 60 per cent decrease in revenue generated through small and medium enterprises in the Correct your spelling
L.G.A.
last
5 years. Consequently
, an economy would be stagnated
in growth as there would be no revenue to provide basic infrastructural facilities.
Wrong verb form
stagnate
Additionally
, buyers missed out on the great customer maintenance they ought to enjoy from retailers when compared to some shopping malls in the environment. This
is because big shopping centres place little or no value on their clients and are less concerned if they patronise them again unlike minor shop occupants who give their best assistance to bring people back in order to enjoy mouth-to-mouth referrals through satisfied ones. For example
, most shop landowner in Ibadan seldomly
invests their resources in marketing when compared with bigger shops. Apparently, the qualitative client approach SMEs give to their customer is strong enough to leverage more traffic generation to their outlet.
In summary, I opined that the act of patronising big stores against small shops by people is disadvantageous to the economy and individuals because it would lead to a low generation of revenue, and customers would not be able to access exceptional customer Correct your spelling
seldom
benefit
shop Fix the agreement mistake
benefits
holder
offer.Fix the agreement mistake
holders
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