Tag Archives: the truth about big business

THE TRUTH ABOUT BIG BUSINESS

big-government-business-collusion

Big business has many advantages:

You can buy products at very low wholesale prices.

You can buy out competing businesses.

You can more easily borrow money for expansion or new products.

You have a nationwide or worldwide reputation and may not have to advertise as much.

You can charge higher prices if you are a monopoly or near monopoly on a product or products.

You can imitate a competitor’s product and sell it for less thus having an unfair market advantage and the ability to put them out of business.

You can extend liberal credit to a customer and delay getting paid for a long time.

You can lobby for special interest legislation to give you an unfair advantage over young competitors.

In case of bankruptcy you can more easily reorganize and continue the business in slightly modified form.

CONCLUSION:

Big business may not always be better but big money definitely is a competitive advantage and makes it very difficult for small business to compete and survive.

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