How have market being transformed in recent years? Explain with example
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Consumers are aware how markets have changed, which has brought about changes in their buying behaviour. Earlier, we would visit the local grocer and the vendors in the local market for our daily requirement. Today, the shopping mall is the place to go for all your requirement and more. It has become quite convenient to make one's purchases any time of the day or late into the evening.
In the local fish or vegetable markets, only the local produce would generally be available. Today, produce or catches from around the world is available at the malls.
The farmer too is a gainer with the transformation in our markets as he is able to sell his entire produce of fruits or vegetables to a single buyer, who run several stores spread around a large geographical territory. With the advent of better warehousing, wastage too is being controlled.
Further transformation is in the offing as suppliers of our daily needs begin door delivery to our homes. This convenient service is now at a nascent stage in our country.
In the local fish or vegetable markets, only the local produce would generally be available. Today, produce or catches from around the world is available at the malls.
The farmer too is a gainer with the transformation in our markets as he is able to sell his entire produce of fruits or vegetables to a single buyer, who run several stores spread around a large geographical territory. With the advent of better warehousing, wastage too is being controlled.
Further transformation is in the offing as suppliers of our daily needs begin door delivery to our homes. This convenient service is now at a nascent stage in our country.
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