Nowadays, some people state that there are a number of companies, such as Walmart and Amazon, that dominate the world markets, making smaller, family, local businesses less profitable. There are plenty reasons why people choose these giants. Notwithstanding, others still want to keep the tiny ones profitable. In this essay, I will explain the popularity of these big companies and explain why other stores can endure concurrently with them.
First of all, the giant companies are generally more recognizable for their reputations and histories. Most companies that are currently leading the world’s list of most consumed markets were initially as small as the local businesses. Moreover, these companies are well-known for the good quality of products placed there. For instance, Amazon is one of the best online marketplaces with a really convenient interface, which has many useful functions such as setting delivery or comparing prices. Thus, they are mostly chosen for their recognition and friendliness.
On the other hand, most smaller companies are suffering from a competition among all markets, which includes “the giants”. Nevertheless, they are still useful and valuable, as sometimes it is better to go shopping to local stores, rather than going to the nearest hypermarkets and waste a lot of time. Additionally, some shops provide products that cannot be found on online marketplaces, which might be souvenirs, handmade goods, things from limited collections and so on. So, these stores mostly do not face a lot of troubles with making businesses.
Overall, stores as Walmart and Amazon are valuable and well – recognizable for providing good stuff and their convenience, whilst other companies, even with facing a lot of troubles, still manage to endure and not many things are needed to make them more profitable.