TH E M ARKET SYSTEM M ARKET? W HAT I S A A phyisical or non - - PowerPoint PPT Presentation
TH E M ARKET SYSTEM M ARKET? W HAT I S A A phyisical or non physical system where two or more parties engage in exchange MARKET PLACE A location where people regularly exchange of a varitey of goods and services. A markets form is
A location where people regularly exchange of a varitey of goods and
dependent on the local population, culture, and geographic conditions. There are difgerent form and types
A phyisical or non physical system where two or more parties engage in exchange
W HAT I S A
MARKET PLACE
BAZAAR a covered market in the Middle East W ET MARKETS in Greater China and Asia, where traditionally live animals were sold N I GH T MARKETS opens at night and features street food and. In Indonesia and Malaysia they are known as pasar malam CAR BOOT SALE a type of market where people trade household and garden goods I N DOOR MARKET MARKET SQUARE Open area, usually in town centre, with stalls selling goods in a public square PUBLI C MARKET an indoor, fjxed market in a building STREET MARKET stalls along a street FLOATI N G MARKETS where goods are sold from boats Dam noen Saduak Floating Market Queen Victoria W inter Night Market I stanbul Grand Bazaar
FARM ERS’ M ARKETS: Fresh produce and gourmet food FLEA M ARKETS Used goods sold
GREY M ARKET ( GREEN M ARKET) Second hand or recycled goods are sold FOOD H ALLS: Gourmet food to consume there or on the go.
TYPES OF PRODUCTS
Animal Antique Fish Flower Crafts Occult items Mercado Jam aica Forks Market Food Hall
POP UP RESTAURANTS CHUCK WAGONS BASICS
A result of a surplus of food trucks and unemployed chefs. Food trucks selling gourmet or ethnic foods. A new popular trend. Earliest, basic form of food truck in the 1800’s. Equipped with Interior shelving Water barrel Means for heating food easy to preserve food 7-9’ x 16’ vehicle Space for cooking Food storage A vehicle equipped to sell prepackaged or fresh food.
The party who manufactures and sells a good to the consum- er or a third party. In a market, the vendor deals directly with the consumer.
REQUIREMENTS
Phyiscal Product Individual stand Display
In a marketplace, the customer is
TH E CON SUM ER, the user of
the product
THE CUSTOMER
One who regularly receives a good
through bartering.
REQUIREMENTS
Parking Seating areas, covered or uncovered
PATRON S