Mastergp
Verified member
Marketing trading is another method of retail trade on Africa . there are markets where buyers and sellers are bought together to transfer ownership of goods. The market traders opens at specific time of the day. They construct sheds and stalls in a particular location to transact business.
In my country Nigeria, there are many markets in the rural and urban Ares. Examples are oshodi, mushin, and iyana etc there are many traders in the market, selling different product like food stuff, clothing, electronics devices.
When considering this we can see that they are huge characteristics and advantage about market trading. Which includes
Available of Stalls:
They always have stalls in market places where they stock their goods.
Specific times of operation:
They normally open at specific hour of the day while other may operate on daily basis example Onitsha market.
Specialization on the basis of types of goods:
The traders in market trading are usually zoned according to the type of goods. Which means there could be area or zones for cloth sales, shoe sale, book sales, meat sale, electronic sale etc in a large market.
Competition among the traders:
In market trading , there are many dealers for each item, giving rise to competition and reduces the chances of any buyer paying arbitrary prices.
In my country Nigeria, there are many markets in the rural and urban Ares. Examples are oshodi, mushin, and iyana etc there are many traders in the market, selling different product like food stuff, clothing, electronics devices.
When considering this we can see that they are huge characteristics and advantage about market trading. Which includes
Available of Stalls:
They always have stalls in market places where they stock their goods.
Specific times of operation:
They normally open at specific hour of the day while other may operate on daily basis example Onitsha market.
Specialization on the basis of types of goods:
The traders in market trading are usually zoned according to the type of goods. Which means there could be area or zones for cloth sales, shoe sale, book sales, meat sale, electronic sale etc in a large market.
Competition among the traders:
In market trading , there are many dealers for each item, giving rise to competition and reduces the chances of any buyer paying arbitrary prices.
