Write a
story based on the following: “The owner of a local business takes strong
action when threatened by outside competition.”
Mr. Johnson, the owner of the
only general store in our neighborhood, was a very rude and mean person. He
used to charge very high prices because of his monopoly. Despite his goods
being very expensive and of very low quality, the residents of our area,
including me, bought from his store as we had no other alternatives. Many a
times the items I bought from his store were expired but I had to go on buying
from his store.
After many years of misery, a
handful of the residents opened a consumer co-operative with much effort and
investment. They offered discounts along with good quality products. The staff
employed in their general store was also nice, polite and soft-spoken.
The immediate impact on Mr.
Johnson’s business was that his sales fell rapidly and he started incurring
losses. To cope up with the new threat, he started advertising extensively. He
also brought in new merchandise and diversified his product range but even then
his market share kept on declining at a great pace. Mr. Johnson was much
aggrieved at this and started planning other ways to gain back his lost market
share and customers likewise.
Another strategy he used was to
sell his goods at extremely lower prices, even lower than his rivals, but for
no avail and his rivals kept on gaining more ground. The result of this pricing
strategy was even more losses to Mr. Johnson who had no other choice than to
sell off his assets and close down the business as he was unable to fend off
competition due to his bad behavior and indifference to others’ problems.
Mr. Johnson tried another tactic
for the last time. He accosted the members of the consumer co-operative and
plead to them about his problems. He told them that he had no alternative bread
and butter as nobody would employ him due to his selfish behavior. If the
consumer co-operative continues, he will have to move away. The members of the
co-operative felt piety for him and told him that they would stop if he
discards his previous attitude. Mr. Johnson promised that he would do as they
said. Seeing this, the members of the co-operative closed down their store.
Mr. Johnson was back in business but he did not
continue his acts but started off in a new manner with the main aim of public
welfare with a reasonable profit. Ten years have passed by but Mr. Johnson has
abided by his promise and his business is currently a very prosperous one. This
is how he was able to fend off competition with much effort.
very nicely written story
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