Page 60 - 2022-2023 Creative Writing

Business

The proliferation of major retail chains in the market has positive and negative implications that warrant

careful consideration. On the positive side, these establishments provide a broad array of products at
competitive prices, delivering convenience and affordability to consumers. Additionally, they contribute to local

economic growth by generating job opportunities within communities. For instance, in my hometown,

franchises like CU and GS25 hold substantial market shares. However, the dominance of these large chain
stores may lead to the decline of smaller local enterprises, resulting in job losses, cultural uniformity, and a

diminishment of community identity. Furthermore, since many of these convenience stores originate from

South Korea and predominantly offer Korean products, there is a scarcity of traditional domestic items for

local consumption.

A significant advantage of large chain stores lies in the diverse range of products they provide at

reasonable prices. These stores leverage their purchasing power to negotiate lower prices with suppliers,

enabling them to offer goods at more competitive rates compared to smaller businesses. This benefits
consumers who gain access to a wider selection of products, spanning groceries to electronics, all

conveniently available under one roof. Additionally, the extended operating hours and multiple branches of

these large chain stores cater to individuals with busy schedules, allowing them to shop at their convenience.
Nevertheless, the expansion of these chain stores can have detrimental effects on small local businesses. The

growth of major stores often leads to the closure of smaller, independent shops, resulting in job losses and a

reduction in business diversity within a community. Moreover, the standardized products and designs of large
chain stores contribute to cultural homogenization, causing the loss of unique local enterprises and a

diminishing sense of community identity.

In conclusion, the increasing presence of large chain stores in the market brings both advantages and
disadvantages. While they offer convenience and affordability, they also pose challenges such as job losses, a

decline in small businesses, cultural homogenization, and a loss of community identity. Striking a balance

between supporting local enterprises and benefiting from the convenience and affordability offered by major

chain stores is crucial.

12A Enerel B.