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4 types of markets

Updated: 8/11/2023
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Consumer markets-it is composed of individuals who buy products for ultimate use in either in one use or a few uses eg market for toilet soaps cigarettes,shirts etc

Producer Markets- it is composed of individuals and organizations tht buy products to be used as raw materials in the manufucter of other products eg market for steel in the manufacture of motor vehicle markets for timber manufacture of furniture floor in the manufucture of food stuffs

Reseller markets-composed of individuals who buy products for resale as they are one or with minimal structural transformations

Govt or institutional markets- composed of govt departmental parastatals,research institutions,schools that buy products to help them provide services and tofullfill their responsibilities as custodians of public welfare.

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