Large businesses have big budgets for marketing and promotion and as a result, promotion and as result, people gravitate towards buying their products. What problems does this cause? What can could be done to encourage people to buy local production
Worldwide, the regional manufacturing sector suffers from selling goods to potential consumers
due to
advertisement campaigns of huge businesses
. Throughout this
essay, I will explore the main causes of this
trend and suggest solutions.
To begin
with, the gravitations of individuals because of the large businesses
' marketing activities cause the unemployment in local area. Consequently
, people employed in the local production sector could not make sales to customers and local businesses
had to go bankrupt with debt. For example
, in my district, a mini market closed as three supermarkets were opened in the area. One viable solution to this
issue can be acknowledging a population using many platforms such
as television, social media, and others. As a result
, this
would allow people to gain insights about goods and services provided by the nearby small businesses
.
Another implication for regional businesses
is caused by monopoly due to
the activities of the large enterprises in the industry. As a result
of this
, these companies have enough power to manipulate the prices of products in sectors. One suggested solution could be interventions by the government to prevent a monopolistic approach and support the local goods and services providers by giving subsidies to them. Therefore
, this
would have a beneficial impact on production in regions as the manufacturers could utilize this
amount of money for promotion purposes.
In conclusion, the preference of a community towards big companies for purchasing is a serious problem reasoned by budget distinctions. Although
hardships exist for local enterprises, these can be resolved by government support and acknowledgment
of the households.Change the spelling
acknowledgement
Submitted by ferdakerim on
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