TheDeclineofSmallBusinesses
Duringtherecentyears,countlesssmallbusinesseshaveclosedtheirdoorsandgonebankrupt.Thecornergrocer's,thesmalldressshop,thebeautysalon,allarevictimsofmarketcompetition.Mostofthemarereplacedbyothersmallbusinessesthattemporarilyfilltheneedsoftheneighbourhoodbutfrequentlyendup,sharingthesamefateofdissolution.Moreoften,themarketservedbysmallbusinessesistakenoverbylargestoresandshops.Businesseslikethecornergroceriesandthedressshopshavegonetobigdepartmentstoresandsupermarkets,whichnotonlykeepadequatestoreandvariety,butalsoprovidebetterenvironmentandservice.
Apparently,itisincreasinglydifficultforsmallbusinessestosucceedinthepresentcomplexeconomicstructurebased,asitis,onsmallprofitmarginsandtremendoussalesvolume.Lackofenoughfundandpoormanagementmaybethechiefcauseofthistragedy.Inaddition,thequalityoftheircommoditiesoftencausessuspicionofthecustomersasmanysmallbusinessesarefoundtosellfakeproductsformoreprofit,thusearningthemselvesanevilreputation.Astoshoppingenvironmentandconvenientservice,theyareunmentionable.Alloftheabovespeeduptheirbankruptcy.
Today,withtheestablishmentofmoreandmoregroupsandbigcorporations,howsmallbusinessescansurviveinthetideofthemarketcompetitiveeconomyhasbecomeahotsocialissue.