In the simplest terms, a market is the place where seller meets buyer to exchange products for money. Traditional markets still function in many parts of the world. Even in the United Sates, during summer months, there are farmers’ markets where direct selling and buying take place between producers and consumers. Most service industries still operate at this market level.
Manufacturing industries and most agricultural enterprises are more distant from the consumer. Their products pass through several hands--truckers, warehouse workers, wholesalers, and retailers before reaching the final consumer.
Products, or commodities, are usually divided into two types: consumer and industrial. Consumer goods are those that are sold to final users, the customers. These goods include food, clothing, automobiles, television sets, appliances, and all those things people go to stores to purchase.
Industrial goods are those that are sold to companies or other busine
A. most of the products exchanged at traditional markets are consumer goods
B. most of the products bought and sold at traditional markets are industrial goods
C. most farmers lived far away form marketplaces and never sold their products directly
D. most service industries have not yet developed mature markets for their products
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