What are the limitations of weekly market ?
Answers
A market, is a place where people gather for the purchase and sale of provisions, livestock, and other goods. In some case markets operate daily and are said to be permanent markets while others are held once a week common referred as weekly market.
Weekly markets have a large number of shops selling the same item as a result it is highly competitive market. As a result if a seller wishes to charges a higher amount for an item, buyers would refuse to oblige and buy from another seller who either charges a lower rate or allows the buyer to bargain in order to get rid of the stuff.
As the name suggest the seller has to get rid of their items as fast as possible on that particular day in order to cover their expenses and take back substantical money back home .
Weekly market doesnot command pricing power.
The main type of limitation is the weekly market is mainly the loss for the seller since they have to buy off the prizes at the high price.
If they have to buy the same product again then it will cost them minimal.
Hence it is the biggest loss for them.