Nobody downloaded yet

Have supermarkets become too big to the extend that they are damaging competition, and does the dominance of the big four supermarkets in the grocery market mean that there is an increased risk of consumers getting a poor deal - Essay Example

Comments (0) Cite this document
Summary
This has led to an important question as to whether supermarkets have become too big to the extent that they are damaging competition. Some people have seen the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Have supermarkets become too big to the extend that they are damaging competition, and does the dominance of the big four supermarkets in the grocery market mean that there is an increased risk of consumers getting a poor deal
Read TextPreview

Extract of sample "Have supermarkets become too big to the extend that they are damaging competition, and does the dominance of the big four supermarkets in the grocery market mean that there is an increased risk of consumers getting a poor deal"

Download file to see previous pages This is because the more supermarkets become larger, the more they attract customers especially because of the fact that they use strategies that cannot be used by smaller competitors. For example, major supermarkets lower the prices of their goods and achieve profitability by selling more. On the other hand, small shops raise their prices to cover for the low sales that they record in order to achieve profitability. This definitely favors supermarkets because consumers generally prefer to shop in areas where they can get goods at cheaper prices. Therefore, it can be said that the fast growth of supermarket damages competition (Competition Commission, 2007).
Another way through which the supermarkets kill competition is by way of stocking almost everything in one shop. Major supermarkets, stock almost all goods that people want especially household goods. Today, supermarkets stock goods and services that they never stocked in the past as a way to attract customers. Today, supermarkets have salons, car service bays and hardware and building goods among others. as such, they outcompete the shops that would like to stock particular things and specialize in them because many customers prefer to shop in supermarkets where they know they can find all or most of the goods and services that they want.
Despite the fact that there have been reports that supermarkets put independent traders out of business, supermarkets have claimed that they employ thousands of people and are supported by their customers. while this might be true, many businesses run out of customers because they cannot resist the urge to shop in supermarkets that have ample parking and walking spaces and have more customer attendants compared to the independent traders (Reardon & Gulati, 2008).
Major supermarkets attract suppliers compared to smaller traders because they ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Have supermarkets become too big to the extend that they are damaging Essay”, n.d.)
Have supermarkets become too big to the extend that they are damaging Essay. Retrieved from https://studentshare.org/business/1669591-have-supermarkets-become-too-big-to-the-extend-that-they-are-damaging-competition-and-does-the-dominance-of-the-big-four-supermarkets-in-the-grocery-market-mean-that-there-is-an-increased-risk-of-consumers-getting-a-poor-deal
(Have Supermarkets Become Too Big to the Extend That They Are Damaging Essay)
Have Supermarkets Become Too Big to the Extend That They Are Damaging Essay. https://studentshare.org/business/1669591-have-supermarkets-become-too-big-to-the-extend-that-they-are-damaging-competition-and-does-the-dominance-of-the-big-four-supermarkets-in-the-grocery-market-mean-that-there-is-an-increased-risk-of-consumers-getting-a-poor-deal.
“Have Supermarkets Become Too Big to the Extend That They Are Damaging Essay”, n.d. https://studentshare.org/business/1669591-have-supermarkets-become-too-big-to-the-extend-that-they-are-damaging-competition-and-does-the-dominance-of-the-big-four-supermarkets-in-the-grocery-market-mean-that-there-is-an-increased-risk-of-consumers-getting-a-poor-deal.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Have supermarkets become too big to the extend that they are damaging competition, and does the dominance of the big four supermarkets in the grocery market mean that there is an increased risk of consumers getting a poor deal

Italy Too Big to Fail and Too Big to Bail

...?`Article analysis Italy Too Big to Fail and Too Big to Bail – Is US listening  The article, Italy Too Big to Fail and Too Big to Bail – Is US listening is very relevant to the European debt crisis. This article focuses exclusively on Italy and not other nations like Greece, Ireland and Portugal which were most affected by the economic situation. An analysis of the crisis faced by Greece, Ireland and Portugal would have helped in explaining the similar situation that Italy currently faces. A closed scrutiny and vigilance in the fiscal analysis of budgeting would have helped countries such as Greece, Ireland and Portugal from facing such severe economic threats. The huge economic deficit resulted in the restructuring of their debts... and...
4 Pages(1000 words)Essay

Sainsburys Supermarkets

...J Sainsbury plc Reports: 2003-2006 A Brief Backgrounder J. Sainsbury plc owns Sainsbury's Supermarkets (hereafter Sainsbury's), the U.K.'s third largest retailer after Tesco and Asda. For many years since it opened for business in 1869, Sainsbury's was the country's biggest supermarket, the undisputed market leader. A series of mis-steps allowed competitor Tesco to catch up in 1995. In 2003, Asda passed Sainsbury's, relegating the latter to third position where it stays. Sainsbury's is now playing catch up, regaining market share one percentage point at a time. A publicly listed corporation since 1973, the company is on the renewal trail as it attempts to regain its...
10 Pages(2500 words)Essay

Too big to fail

...for investment purposes. The more money is available for investment purposes, the better it is for the economy and its economic growth. Banking and financial institutions are the backbone of any economy since they give out loans to businesses and people so that they could invest back in the economy, expand their businesses and increase economic activity in the country. If businesses or other institutions fail to pay back their loans, this can have a serious impact on banking industry and they might have to file for bankruptcy etc. Since the banks are dependent on each other, the working of banking industry might get affected because of this, so to avoid taking...
1 Pages(250 words)Essay

FRESHPLUS SUPERMARKETS

...to the rules and regulations of the firm and also according to the set standards of work (Mitchell and Nault, 2007). The controlling function focuses on establishing standard work performance and measuring the actual performance against this standard (William and McWilliams, 2010). The manager at workplace needs to deal with all types of conflicts occurring in the supermarket. The manager deals with the conflicts by listening to both sides of the story, communicating the scenario clearly to both of the concerned parties and focuses on deriving the solution of the conflict on the very same day so that things don’t get carried on further unnecessarily. Conflicts tend to...
5 Pages(1250 words)Research Paper

Too Big To Fail

...Task Too Big To Fail Introduction The “Too Big to Fail” concept is a theory that refers to the operations and activities of financial institutions in the American market. The concept asserts that some firms are too big and influential in the economy, such that their failure or collapse will have very negative effects to the economy of the country. These large firms are usually very complex and sophisticated, and due to the expansive nature of their operations across the economy, they pose a major risk in event of their failure. This is because numerous small firma and institutions depend...
6 Pages(1500 words)Essay

Big Four

...in a carriage accident. He never fully recovered, and died two years later. Mark Hopkins was born in 1813 and died in 1878. When the California Gold Rush began, he formed the "New England Mining and Trading Company", in buying goods and shipping them to California for trade.He moved to Sacramento where he set up a wholesale grocery in 1850 with his friend Edward Miller. In 1855, Hopkins and Collis Huntington created "Huntington Hopkins and Company" to run hardware and iron corporation in Sacramento.By then Hopkins was having health complications, and died in 1878, the house not yet completed. The Mark Hopkins Hotel that is currently the Intercontinental, Mark Hopkins built it in his place in 1926. In...
3 Pages(750 words)Essay

Too big to fail

...Full Too Big to Fail (A film review and summary) 14 July The of this television drama movie is “Too Big to Fail” and details all the steps that were taken to save the American financial system during the height of the sub-prime housing mortgage crisis. The title derives from the idea that some banks and other financial institutions are just simply too big (to be allowed to fail) and the government must step in and provide some form of relief or bailout to save the entire financial and banking system from a total collapse which can have very serious consequences for the economy and the country. The television movie was...
1 Pages(250 words)Movie Review

Supermarkets Inc

...the company website www.wholefoodsmarket.com and read about its supplier management policies (search for their win-win partnerships with suppliers). Do you think this is a true competitive advantage that provides value to every channel member? Why or why not? How does the ultimate consumer benefit? 3. Name and describe at least two different types of retailers that are profiled in the video (see page 338 in your text). Which type of retailer do you prefer? Why? 4. One of the biggest trends in retailing includes the growing importance of retail technology. Describe the various ways the video speaks to these advancements, as well as the two extra reading articles on e-learning. What are...
1 Pages(250 words)Assignment

Too big to fail

...that correlates size with stability and calls the ‘too big to fail’ a farce. According to this thought stability of big names comes from high investor confidence, well-framed insurance policies and regulations etc. The big names are associated with trust and long-term customer relationship. However, the big banks increase the systematic risks causing smaller banks to collapse. Also with the size increases monopoly in the economy with larger names hoarding over the business scene with little or no advantage to the smaller players. This unfair treatment creates resentment in the smaller units and thus the...
2 Pages(500 words)Essay

Wegman's Supermarkets

...Wegmans Supermarkets WEGMAN’S FUNCTIONAL PROJECT MANAGEMENT APPROACH Wegman’s Supermarkets are founded upon the Functional structure of project management. In this kind of a project management structure, the personnel are grouped according to how similar their roles are, and projects are executed within the department (Berkun 76). At Wegman’s, the personnel, accounts, and marketing divisions form part of the departmentalized units depending on their various roles. The paragraphs below discuss the advantages of this model. CLEAR LINE OF COMMAND In a functional structure, Wegman’s project teams have a clearly spelled out chain of command. This means that a...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Have supermarkets become too big to the extend that they are damaging competition, and does the dominance of the big four supermarkets in the grocery market mean that there is an increased risk of consumers getting a poor deal for FREE!

Contact Us