There are several ways the emergence
of large, internationally powerful businesses could make a problem
for individuals, countries, and accountability, these are as stated
below:
- Internationally powerful business
have strong funding back up, hence, they could easily fulfill
funding requirements as needed for various underlying projects,
they could bring more advanced products, they could bring change in
the market, they could also sell their products at comparatively
lower pricing and higher quality, hence, local business people will
be negatively affected, as they will find hard situation or
challenge to compete in the market.
- Again, with emergence of large and
Internationally powerful business, marketed will become dominated
by such company, they could bring single lead, hence, customer
could also be harassed, as they will face lower bargaining power to
deal with the products and services.
- Such businesses will bring strong
domination in the country and in the channel of distribution, there
could also be issues with the quality, however, due to superiority
of their products and services, due to technological advances,
customer could see little knowledge to deal with such products and
such businesses.
- Further, suppliers could also
challenge like they can’t even bargain with such businesses, they
need to usually depend on such business to survive in the market.
Large businesses could generate more order from suppliers; hence,
they could get components and raw materials at low cost.