Spot Market:
In such markets, goods are exchanged and the physical delivery of goods takes place immediately.
Future Market:
(i) In such markets, contracts are made over the price for future delivery
(ii) The dealing and settlement take place on different dates.

(i) This type of market deals with the purchase or sale of gold and silver.
(ii) Bullion markets of Mumbai, Kolkata, Kanpur, etc., are examples of such markets.

(i) Customer behavior is not static in nature. It may change any time.
(ii) If buyers are available only then the goods would be able to trade in the market.
(iii) Market is a place where buyers and seller meets.
(iv) Unless there is customer support in the market there is no use of marketing strategy.

(i) Primary market:The primary producers of farm sell their output or products through this type of markets to wholesales or consumers.
(ii) Secondary market: In this market, the semi finished goods are marketed. Here finished goods are not sold. The commodities arrive from other markets.
(iii) Terminal market:It is a central site that serves as an assembly and trading place for commodities in a metropolitan area.

(i) Spot market: In such markets, goods are exchanged and the physical delivery of goods takes place immediately.
(ii) Future market:ln such markets, contracts are made over the price for future delivery. The dealing and settlement take place on different dates.

(i) Money market: It is a type of market where short term securities are exchanged. It provides short term and very short term finance to industries, banks, governments agencies and financial intermediates.
(ii) Foreign exchange market: It is an international market. This type of markets helps exporters and importers, in converting their currencies into foreign currencies and vice versa.
(iii) Stock market: This is a market where sales and purchases of shares, debentures, bonds etc. It is also known as securities market.

Commodity markets are sub divided into:
(1)Produce Exchange Market:
(i) It is an organised market where commodities or agricultural produce are bought and sold on wholesale basis.
(ii) Examples of produce exchange markets are wheat exchange market of Hapur, the cotton exchange market of Bombay etc.
(2) Manufactured goods market:
(i)  This market deals with manufactured goods.
(ii) (E.g) Leather goods, manufactured machinery etc.
(3) Bullion mark
(i) This type of market deals with the purchase or sale of gold and silver.
(ii) Bullion markets of Mumbai, Kolkata, Kanpur etc are examples of such markets.

(i) To exchange goods and services
(ii) To adjust demand and supply by price mechanism.
(iii) To improve the quality of life of the society
(iv) To introduce new modes of life
(v) To develop product by enhancing market segment.