Business Studies Watch

Badges: 8
Report Thread starter 2 years ago
Hello, guys!!!
I need help with a question. The question is...
Do all stakeholders benefit when markets made up of fewer, larger businesses?
Badges: 5
Report 2 years ago
not sure how right these points are or if i understood the question properly are but

some benefit
employees - may benefit because larger businesses will need more employees in order to run the business so there are more job opportunities than smaller businesses and may also be able to offer them higher wages as they make more profit than someone like a sole trader or small ltd for example

customers - may benefit as the large companies will be in competition with each other and therefore prices may be lowered in order for the companies to remain competitive
- however customers may also not benefit as quality may be sacrificed in order to maximise profits and achieve a large margin

others do not benefit
suppliers - may not benefit as large businesses try to achieve economies of scale through bulk buying which reduces the amount of profit that they make through discounts

local community - may benefit through external economies of scale as local colleges set up training geared towards the industry or infrastructure is improved which improves the attractiveness of the area

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