(a) Market

A market is a place where business activities are carried out through which goods and services from the producers are channeled to the users or consumers. It connects the producer and the consumer. It can be said that the market brings the buyer and the seller together to exchange their goods and services.

There are various types like labour market, financial market consumer market etc.

 (b) Distributors

Distributors serve as outlets from the producers to the whole sellers. They are referred to as mediators or middlemen. They buy goods in bulk from the manufacturers and sell to the whole sellers. Some distributors are on commission.

Note:   Key words to notice are “buying in bulk” and “sell to whole salers”

(c) Market Survey

This is when the consumer searches for information about the goods and or services he is about to take a decision on. It affords the consumer the opportunity to know where the goods can be found and how much money could be budgeted for the item.

                                                                                                                  
(d)  Hire Purchase

It is an arrangement that allows the consumer to purchase goods with permission to pay later or at an agreed date.
It allows the consumer to posses and use the product/service while he pays for it instalmentally. The seller charges a high interest rate, distributed over the payment period and that item does not belong to the consumer until full payment is made. In the event of any default in payment, the article is taken over by the seller and the consumer looses his money.