Many small business are being forced to close because they are unable compete with multinational corporation? what problems does this cause and how can problems be solved?

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There is no doubt that
companies
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are able to market their products all around the world due to globalisation. It is believed that the emergence of multinational
companies
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has forced many small businesses to close.
This
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essay will explore the major problems available and the solutions to resolve these issues.
To begin
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with, organisations are able to sell their products throughout the world using air, sea and land transport.
This
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results in
closure
Correct article usage
the closure
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of multiple small local
companies
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, which leads to a decrease in job opportunities.
In addition
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, local
companies
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usually produce goods that have cultural and historical values. With
closure
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the closure
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of local
business
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businesses
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, there is a
dissappearance
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disappearance
of the cultures and traditions of a country.
Moreover
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, the increase in multinational fast-food restaurants
such
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as
McDonalds
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Mcdonald's
Mcdonalds'
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has
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a negative
anegative
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an anegative
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impact on the health of the public as well. In order to solve these problems, local sellers can try to boost their sales by engaging
online
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in online
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marketing. Nowadays people can access information easily with the Internet.
Hence
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, online advertisements spread quickly, thereby increasing the sales of products. On top of that, the government can help by providing funds to local
companies
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. The government can
also
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assist in promoting
business
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the business
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of small
companies
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through the use of social media and radio.
Lastly
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, businessmen can
also
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enrol in sales and marketing classes to learn more about skills that can increase profit. In conclusion,
although
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there is a rise in business competition due to multinational
companies
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, I believe that the government and businessmen can take several measures to solve
this
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problem.
Submitted by khaishien.hong on

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  • for instance
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  • such as
  • namely
  • to illustrate
  • take, for example

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