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 market’s form is dependent on the local population, culture, and geographic conditions. There are difgerent form and types of marketplaces

FORMS BAZAAR a covered market in the Middle East W ET MARKETS in Greater China and Asia, where I stanbul Grand traditionally live animals were sold Bazaar 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 Queen Victoria MARKET SQUARE Open area, usually in town W inter Night centre, with stalls selling goods in a public square Market 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

PRODUCTS MARKET TYPES OF PRODUCTS Animal Antique Fish Flower Mercado Crafts Jam aica Occult items FARM ERS’ M ARKETS : Fresh produce and gourmet food FLEA M ARKETS Used goods sold or bartered. GREY M ARKET ( GREEN M ARKET) Second hand or recycled goods are sold FOOD H ALLS : Gourmet food to Forks Market consume there or on the go. Food Hall

TRUCK BASICS FOOD A vehicle equipped to sell prepackaged or 7-9’ x 16’ vehicle fresh food. Space for cooking Food storage CHUCK WAGONS Earliest, basic form of food truck in the 1800’s. Equipped with Interior shelving Water barrel Means for heating food easy to preserve food POP UP RESTAURANTS A result of a surplus of food trucks and unemployed chefs. Food trucks selling gourmet or ethnic foods. A new popular trend.

REQUIREMENTS Phyiscal Product Individual stand Display 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. VEN DOR

REQUIREMENTS THE CUSTOMER One who regularly receives a good Parking or sevice in exchange for money or Seating areas, covered or uncovered through bartering. In a marketplace, the customer is TH E CON SUM ER , the user of the product PATRON S