Marketing Concepts Teacher

When we heard the word MARKET a lot of images came in our mind like buying, selling, commonplace, seller, buyer, etc. So, we can define the market as “MARKET is a common or special place where buyer and seller come together to sell and buy the good and services” Types of Market : Types of The market is determined on the basis of various factors 1.    On basis of Geographic ·       Local Market: Markets which are situated in a local area. They normally sell perishable goods and done trade within the locality. E.g. Fruit Market, Flower Market, etc. ·       Intrastate Market: This market takes place within the boundary of the state. Buyer and seller both are situated within the one state, they do not cross state boundaries. E.g. trade between Two City. ·       Interstate Market: This market takes place when a trade is done within two or more states. Buyer and seller both are from a...