Topic: Small Business Survival
(Topic for debate week)
Part 1: Difficulties
It’s generally understood that it’s not as easy for a small business to survive in the modern world as it would have been decades ago. The rise and fall of global economic and consumption trends changed the landscape, and businesses are struggling to find ways to compete with the giants.
Let’s try to imagine some of the reasons why it’s harder for a small business now compared to before.
Part2: Video
Vocabulary:
genuine: (adj.) (in the case of businesses) not a scam or making use of illegal or questionable operations
plausible: (adj.) believable, understandable, convincing
the elephant in the room: (idiom) the obvious problem
it comes down to (something): (phrase) ...is the most important reason
expendable income: (n.) extra money that can be spent on non-essentials
be cooped up (in the house): (v.) being confined in a small space, usually feeling bored or like your freedom is restricted
hit a brick wall: (idiom) face a problem you can’t overcome
scribble: (v.) draw or write without much care
markup: (n.) price added to the cost of a product by the store for profit
Google reverse search: (n.) a tool by Google that allows the user to search online using pictures rather than words.