Market where goods are not sold directly to the consumer
4. Place where goods are directly sold to the consumer
5. Area where buyers and sellers meet
D. Very short answer type questions.
1. What is a market?
2 What are the two types of markets?
3 What is online purchase?
4. Why are things sold at cheaper rates in the weekly markets?
5. What are Malls?
E. Short answer type questions.
1. What were the old markets like? Explain.
2. Define the three players in the market.
Write a note on weekly markets.
3
Answers
Answer:
4Direct consumer selling is the oldest way of selling the goods. Under this system, the goods are directly sold to the consumer by the manufacturer. Direct consumer selling is gaining immense popularity these days on account of high cost of distribution through the middlemen.
5 market
D
1 A market is one of a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buyers.
2 Physical market
non Physical market
3 Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. ... Online stores usually enable shoppers to use "search" features to find specific models, brands or items.
4 weekly market is so called because it is held on a specific day of the week. ... Many things in weekly markets are available at cheaper rates. This is because when shops are in permanent buildings, they incur a lot of expenditure – they have to pay rent, electricity, fees to the government.
5 a large enclosed shopping area from which traffic is excluded.