What is the impact of supermarkets and shopping malls on small scals vendors and merchants?
Answers
Answer:
they have low prices and variety of items have air conditioner and etc small scale vendor have high prices and less variety of items so people prefer shopping malls
EXPLANATION:
When a big fish begins to reside in a pond it eats all the small fish. Similar is the case with the impact of supermarkets and shopping malls on small scale vendors and merchants. These marketing giants compactly sell items and shopping is convenient and easy in them. They provide a variety of discounts and these items contain hidden costs.
However, these small scale vendors and merchants cannot offer many sales and they charge their items at a fixed price. They cannot afford the glamour and showy environment for the buyers to shop in and hence lose customers to the supermarkets and malls. Therefore the malls and these markets leave these small sellers into losses and most of the time they cannot meet or incur the bare cost of production as well.