Will Small Businesses Be Replaced By Bigger Companies?
There has been a trend in recent years for small niche businesses providing specialist products and services to consumers, and it’s a trend that is still growing. What's your opinion? Do you think that all small businesses will be replaced by bigger companies? No, I don’t believe that will happen, quite the reverse. Some big companies might remain so or become even bigger. They may merge with other big companies to consolidate their market share and grow their profits, especially in many mass-produced products which are not very personal or interesting such as laundry detergent and household cleaning products. But there has been a trend in recent years for small niche businesses providing specialist products and services to consumers, and it’s a trend that is still growing. There is a lot of emphasis on personalizing the purchasing experience and customizing products for customers. I believe that there will be even more small enterprises serving very spe...