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Presentation4
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- 2. Markets 1. Shops 2.Malls 3. Hawkers 4. Vendor
- 3. Different types of Markets 1.Weekly Market 2. Shops in the neighborhood 3. Shopping complexes and malls ND. This Photo by Unknown author is licensed under CC BY-SA.
- 4. Weekly Markets 1. Itis a market which is held on one day of the week 2. They don’t have permanent shops 3. Traders set up shops for the day and then close them up in the evening. 4. Then they may set up at a different place the next day. 5. Many things in weekly markets are available at cheap prices
- 5. Advantages of aweekly market 1. Most of the things we need such as groceries, clothes, utensils and electronics. - all of them can be found here. 1 2. More choice for buyers: Since there are many sellers selling the same product, the buyer has a choice regarding who to buy from. 2 3. Convenience: Since a high variety of goods is available, it is very convenient for the buyer. 3
- 6. Shops in the neighborhoo d 1.They are mainly standalone shops. 2. Shops which sell goods and services in our neighborhood. 3. We buy milk from the dairy, groceries from the departmental store, stationery, eatables or medicines from other shops. 4. Many of these permanent shops, while others are roadside stalls 5. They are near our home and we can go there any day of the week.
- 7. Shopping complexes and malls Shopping complexes- 1.Markets in the urban area that have many shops, popularly called shopping complexes. Malls- 1. Large multistoried air conditioned buildings with shops on different floors are
- 8. Shopping complexes and malls 1. Inthese urban markets. 2.Both branded and non- branded goods are sold 3. They are advertised 4. Sold through special showrooms
- 9. Chain of Markets 1.Thepeople in between the producer and the final consumer are the traders. The wholesale trader first buys goods in large quantities. 2.For example, the vegetable wholesale trader will not buy a few kilos of vegetables but will buy in large lots of 25 to 100 kilos. 3. These will then be sold to other traders. In these markets, buying and selling takes place between traders. It is through these links of traders that goods reach faraway places. The trader who finally sells this to the consumer, is the retailer. This could be a trader in a weekly market, a hawker in the neighborhood or a shop in a shopping complex. 4. Every city has areas for wholesale markets. This is where goods first reach and are then supplied to other traders.
- 10. Markets everywher e 1. it isnot always necessary that one has to go to the market to purchase goods. 2. You can place orders for a variety of things through the phone and these days through the Internet, and the goods are delivered at your home. In clinics and nursing homes, you may have noticed sales representatives waiting for doctors. 3. Such persons are also engaged in the selling of goods. Thus, buying and selling takes place in different ways, not necessarily through shops in the market 4. The markets that we looked at above are the ones that we recognize easily. However, there are markets that we may not be so aware of. 5. large number of goods are bought and sold that we don’t use directly. For example, a farmer uses fertilizers to grow crops that he purchases from special shops in the city and they, in turn get them from factories. 6. A car factory purchases engine, gears, petrol tanks, axles, wheels, etc. from various other factories. We don’t usually see all the buying and selling, but only the final product – the car in the showroom. The story is similar for any other good.