10 May WILL THE BUSINESSES COME BACK TO MAIN STREET?
Small Vs. Large Businesses: BargainsAlmost all of us enjoy the “bargains” we find at the discount retailers like Wal-Mart and Target. There are operational and business efficiencies that smaller retailers can’t duplicate.For instance there was a bicycle shop on Main Street in a small town that had a lucrative trade until Wal-Mart came to town. The owner of the bike shop could not buy bicycles for a price lower than Wal-Mart was selling them for so he went out of business.After several years the Wal-Mart at that location was not making their “threshold profit” and decided to close. There is now an abandoned building with weeds growing up through the massive parking lot. Will the businesses come back to Main Street? Why or why not? (200 words)
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