Question

Study the following case/situation and express your opinion.

Mr. X purchases goods from the nearest shop. Mr. Y purchases mobiles from Tokyo. Mr. Z of Nandurbar purchases electronic goods from Delhi.

1. From which type of market does Mr. X purchase?
2. Name the type of market from where Mr. Y deals?
3. State the type of market from where Mr. Z purchases goods?

Answer 1

1. Mr. X purchases goods from the local market.
2. Mr. Y purchase mobiles from Tokyo (a foreign market) and hence he deals in the international market.
3. Mr. Z of Nandurbar purchases electronic goods from Delhi, i.e. from the National market.