4 types of markets

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.