What are the two types of market

Oluwasegun purpose

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1. Consumer market ;
An individual who buy product or service for personal use and not for manufacturer or resale is a consumer. A consumer is someone who can make the decision whether or not to Purchase an item at the store, and someone who Can be influenced by marketing and advertisement. Any time someone goes to a store and purchases a toy , shirt, beverage, or anything else,they are making that decision as a consumer..

The consumer market represents individuals and families purchasing goods and services for personal consumption....

2 organization market;
These are individuals and companies who purchase goods and services for some use other than personal consumption..
The organizational buying process is entirely different from the consumer buying process. While buying decisions are made relatively easily and quickly by individual customers , organizations buying involves through and deep analysis. Organizations purchase product ranging from highly complex machinery to small components...
 
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