Types Of Market
Upcoming SlideShare
Loading in...5

Types Of Market



Types Of Market

Types Of Market



Total Views
Views on SlideShare
Embed Views



1 Embed 2

http://www.slideshare.net 2



Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
Post Comment
Edit your comment

Types Of Market Types Of Market Presentation Transcript

  • Types of Market BTEC Business
  • What are Markets?
    • A market is where buyers and sellers:
    • meet to exchange goods and services
    • usually in exchange for money
    • The market may be in one specific place
    • or
    • not exist physically at all
  • An Invisible Market?
    • Markets can exist:
    • over telephone lines
    • online
    • in emails
    • As long as what happens involves buyers and sellers in a business transaction
  • Consumer Markets
    • You should be familiar with these:
    • consumers interact with sellers to buy goods and services
    • sellers can be retailers using high street shops or out-of-town stores
    • sellers can use other sales media
  • New Ideas for Selling to Consumers
    • Alternatives to conventional retailing:
    • Mail order (including catalogue shopping)
    • Online, Web-based selling (‘e-tailing’)
    • Direct producer-to-consumer selling
  • Industrial Markets
    • The business world’s equivalent of consumer markets:
    • business organisations sell to other businesses
    • not to a final consumer
    • these other businesses use what they’ve bought to make new products
  • Commodity Markets
    • Buying and selling products from the primary sector of industry:
    • Use the Biz/ed Glossary to check what ‘primary sector’ means at:
    • http://www.bized.ac.uk/glossary/glossary.htm
  • What’s Traded on Commodity Markets?
    • Goods traded on commodity markets include:
    • coffee
    • cocoa
    • oil
    • precious metals
    • diamonds
  • Rich and Poor?
    • Commodity markets often have their centres in developed countries (UK, USA, Netherlands)
    • The commodities themselves often originate in the developing world (Latin America, sub-Saharan Africa)
  • Impact on Rich and Poor?
    • Commodity market prices can fluctuate wildly:
    • rising prices for oil causes inflation in developed countries which need oil for energy
    • falling prices for coffee, cocoa, copper and so on cause poverty for many in developing world
  • Capital Markets
    • Businesses need capital in order to operate:
    • small firms may borrow or sell shares to family and friends
    • larger companies use the stock market to sell shares
    • this is known as ‘equity’ capital
  • Other Capital Sources
    • Borrowing on the ‘bond’ markets. Used by Leeds Utd FC to finance their ambitions
    • More on this in Biz/ed’s ‘Wanna Argument’ at: http://www.bized.ac.uk/current/argument/arg10-2.htm
    • ‘Derivatives’ markets