Write a word/term/phrase for the following sentence.
The market is where goods are sold to the ultimate consumers or the users of the product.
Terminal Market
Explanation:
A terminal market is a huge commercial trade centre located in a large metropolitan area or densely populated consumption area where items reach the end of their distribution chain. It acts as the ultimate destination for commodities assembled from various locations before being sold directly to local retailers, industrial users, or end users for final use.
Write a word/term/phrase for the following sentence.
Type of market where durable commodities that are generally non-perishable in nature are sold.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Arrange in proper order:
Local market, International market, National market.
Explain types of the market on the basis of time.
Justify the following statement.
The market can be classified on the basis of competition.
Give classification of the market in detail on the basis of ‘Volume of Transaction’.
Give classification of the market on the basis of ‘time’.
______ market is for commodities that are produced in one country and sold in another country.
Explain the following term/concept in detail.
Oligopoly
Justify the following statement.
The market can be classified on the basis of volume.
Unregulated market operates according to forces of demand and supply.
Market can be classified on the basis of importance and area covered.
