Explanation:
A retail market is a place where goods are sold directly to the final consumers or users. Retailers buy products in bulk from wholesalers and sell them in smaller quantities to the ultimate buyers.
Advertisements
Advertisements
Question
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.
One Word/Term Answer
Advertisements
Solution
Retail Market
shaalaa.com
Types of Market
Is there an error in this question or solution?
Chapter 8: Marketing - Exercise [Page 165]
APPEARS IN
RELATED QUESTIONS
Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
Regulated Market operates according to forces of demand and supply.
Find the odd one.
______ refers to a market situation when there is a single buyer of a commodity or service.
Arrange in proper order:
Local market, International market, National market.
Explain types of the market on the basis of the area covered.
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 on the basis of ‘time’.
Explain different types of markets in detail.
Explain the following term/concept in detail.
Oligopoly
Unregulated market operates according to forces of demand and supply.
Market can be classified on the basis of importance and area covered.
Explain the following term/concept in detail:
Monopoly
Explain the following term/concept in detail:
Duopoly
