What is Market, Types of Markets, What is Marketing, Marketing Mix and Target Market, Marketing & Marketing Strategies, Practical Assignments

What is Market, Types of Markets, What is Marketing, Marketing Mix and Target Market, Marketing & Marketing Strategies, Practical Assignments

What is Market, Marketing & Marketing Strategies? What is a Market? To develop the mechanics of supply and demand, we must narrow our vision to study of how a single market works. In each market, buyers and sellers are guided by the price system in their buying and selling decisions. Types of Markets: A retail store, a gas station, a farmers' market, real estate firms, the New York Stock Exchange (where stocks are bought and sold), Chicago commodity markets (where livestock, grains, and metals are traded), auctions of works of art, gold markets in London, Frankfurt, and Zurich, labor exchanges, university placement offices, and hundreds of other specialized arrangements are all markets. Markets are arrangements for bringing together buyers and sellers of a particular good or service. The New York Stock Exchange brings together by means of modern telecommunications the buyers and sellers of corporate stock. Sotheby's auction in London brings together the sellers and buyers of …