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Types of Market: BTEC Business
Types of Market: BTEC Business
Types of Market: BTEC Business
uk
Types of Market
BTEC Business
http://www.bized.co.uk
http://www.bized.co.uk
An Invisible Market?
Markets can exist:
over telephone lines
online
in emails
As long as what happens involves
buyers and sellers in a business
transaction
Copyright 2007 Biz/ed
http://www.bized.co.uk
Consumer Markets
You should be familiar with these:
consumers interact with sellers
to buy goods and services
sellers can be retailers using high
street shops or out-of-town stores
sellers can use other sales media
http://www.bized.co.uk
Alternatives to conventional
retailing:
Mail order (including catalogue
shopping)
Online, Web-based selling
(e-tailing)
Direct producer-to-consumer
selling
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Industrial Markets
The business worlds equivalent
of consumer markets:
business organisations sell to other
businesses
not to a final consumer
these other businesses use what
theyve bought to make new
products
Copyright 2007 Biz/ed
http://www.bized.co.uk
Commodity Markets
Buying and selling products from
the primary sector of industry:
Use the Biz/ed Glossary to check
what primary sector means at:
http://www.bized.ac.uk/glossary/glossary.htm
http://www.bized.co.uk
http://www.bized.co.uk
http://www.bized.co.uk
http://www.bized.co.uk
Capital Markets
Businesses need capital
in order to operate:
small firms may borrow or sell
shares to family and friends
larger companies use the stock
market to sell shares
this is known as equity capital
Copyright 2007 Biz/ed
http://www.bized.co.uk
http://www.bized.ac.uk/current/argument/arg
10-2.htm
Derivatives markets
Copyright 2007 Biz/ed