Marketplaces where organizations purchase raw materials, natural resources and components of other products for their resale or for use in manufacturing another product. Business markets are generally made up of businesses which buy products and raw materials for their own operation.

2. BUSINESS MARKETS
By: Shreya Singh

3. CONTENTS
• Markets
• Features of Market
• Forms of Market
 Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
• Criteria for Classification of Markets

4. MARKETS

9. Area

10. BUYERS AND SELLERS

11. Commodity

12. Competition

13. FORMS OF MARKET

14. Forms of Market
Monopolistic Competition
Oligopoly
Perfect Competition Monopoly Imperfect Competition

15. PERFECT COMPETITION
•Meaning
•Characteristics:
Large Number of seller
Large numbers of buyer
Homogenous products
Perfect mobility
Absence of transport cost

16. Example:

17. DEMAND CURVE
AR=MR
REVENUE
OUTPUT
x
y

18. MONOPOLY
•Definition
•Kinds of Monopoly
Simple and Discrimination monopoly
State and Private
•Features of Monopoly
Single seller large buyers
No close substitute
Restriction on entry of new firms
Price discrimination

19. EXAMPLE:

20. DEMAND CURVE
P
P2
P1
D/AR
L M N
PRICE
QUANTITY
X
Y

21. MONOPOLISTIC COMPETITION
•Definition
•Features of Monopolistic Competition
Large number of seller and buyers
Product differentiation
Free entry and exit of firms
Imperfect knowledge

22. EXAMPLES

23. DEMAND CURVE
D/AR
MR
Y
X
REVENUE
OUTPUT

24. OBLIGOPOLY

25. EXAMPLE

26. CRITERIA FOR CLASSIFICATION
• Number of sellers and
buyers
• Nature of Products
• Size and Quantity bought
and sold
• The condition of Entry

27. HAPPY MARKETING

28. Thank You