Globalization of Markets

1. How do you think the globalization of markets affects retail distribution?
2. Respond to my classmate with 2-3 sentences
I think the globalization of markets has some good and some bad factors when considering retail distribution. Through retailing and larger companies in that industry, products can be accessible all over the world in certain countries that are economically capable. This is good because more profit can be made for the retail companies, and more smaller products who are distributed through retailers are able to be purchased, easier. However, globalization through retailing can help take away attention from local businesses. Because there are now retailers which make it easier to find a product from another country, it may take away from the local businesses who originally offered it for maybe a slightly higher price.

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