large businesses have big budgets for marketing and promotion and as a result, people gravitate toward buying their products what problems does this cause? what could be done to encourage people to buy local products?

Globalization has enabled the entry of multinational and large companies into local markets. These establishments possess huge amounts of funds, which they can use for marketing and advertising their products.

This

causes difficulties for local and small

businesses

, which face loss of clientele, shortage of funds, and so on. The government can provide subsidized loans and many more

such

steps can be taken. The number of

customers

who are frequent from small firms is reduced considerably

as a consequence

of companies promoting their goods.

In other words

, small firms can not compete with giant corporations, as they have a strong promotional strategy to help them attract huge numbers of

customers

.

For instance

, microbusinesses struggle to advertise their goods as efficiently as big organizations,

therefore

, causing

customers

to collapse.

Furthermore

, as big

businesses

expand, many small

businesses

find it difficult to stay for long periods. A few solutions are feasible for addressing these problems. One of them is receiving a government

subsidies

Fix the agreement mistake

subsidy

show examples

loan. A subsidised loan will help the business avail funds for marketing, which will make people aware of their products. The owners of small

businesses

are aware of their clientele,

hence

, they can provide incentives or discount their products

accordingly

to the target market.

This

will encourage individuals to purchase their goods.

Such

steps will aid in increasing the sales of small business items.

To conclude

, local and small

businesses

suffer as large corporations lure

customers

with appealing advertisements and

this

can be resolved by the government providing subsidised loans, discounts, incentives,s and so on.