Tuesday, May 31, 2016

Types of Markets

Posted By: aftab hussain - 10:14 PM

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Markets
Market is a place where the consumer and buyer meet together  to buy and sell goods. Economist describe the market as collection of buyers and sellers who transact over a particular product, there are five basics markets, manufacturer buy resources and turn them into goods and services, consumer sell their labor and receive money which they pay for goods and services, government collect taxes from manufacturerindustrialist, intermediaries, use these market and services from the betterment of the public services,each nations economy and complex economy link through exchange process.
Marketer often cover the various group of customers ,there is relationship between industry and the market. There are various customers market, consumer market, business market, global market and non profit market.
Consumer market
In such type of market mega buying and selling of goods takes place, companies selling mass consumer goods and services such cosmetics, soft drinks, travel and athletic shoes and equipment, most of the brand depends upon the superior products and packaging, delivering in a time to available the product when required, to bring changes in the product the continuously communicating with the consumer and provide reliable services.
Business market
Business market is the place where professional, well informed and well trained business activities are taken place under competitive environment, in such market the business people purchase goods or resell the good at other at high price, business market demonstrate how the product will help the buyers achieve higher revenue or lower costs.advertising play an important role but the sales force,prices and reputation of the company plays a stronger one.
Global market
Global market bring additional challenges for the product or company, there they face more competition with respect to the national market, in global market the manufacturer face the global competition, how to price the product, how to adopt the services and features of the product, they make these decisions in the face of different requirement for buying,negotiating, owing, and disposing of the market.
Nonprofit and Governmental markets

Companies sell their product to nonprofitable organization such as charitable organizations, governmental agencies, hospitals etc.the buyers have limiting purchasing power.lower pricing can build affect the feature and quality the seller can have in the offering, 

About aftab hussain

Techism is an online Publication that complies Bizarre, Odd, Strange, Out of box facts about the stuff going around in the world which you may find hard to believe and understand. The Main Purpose of this site is to bring reality with a taste of entertainment

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