COMMODITY MARKET

Generally in this market different kinds of commodities are sold commodirty market is further divided into
a)Produce exchange. In such markets only certain commodities ate sold and bought. Produce exchange are set up buyers and sellers of a particular commodity. They are also known as"Commodity exchange".These markets are regulated and controlled by certain rules.
b)Manufactured goods market. Here manufactured goods like silver sold.
c) Bullion market: in this market valuable metals like gold are sold.
B. CAPITAL MARKET
This Market can be divided into three types.
MONEY MARKET In this market money is lent a d borrowed.This market is termed as money market or capital market on the basis of the period for which money is borrowed. Short term borrowing is undertaken in money market and long term borrowing in capital market.
FOREIGN EXCHANGE MARKET.
Here currencies of different countries are purchased and sold. This market is essential in international trade. It arrange foreign currency for importers to enable them to buy and for exporters in converting foreign currency into local currency
STOCK MARKET or SECURITY MARKET.
It is popularly known as stock exchange. The market cause into being along with the organisation of joint stock companies. The shares of companies and similar types of instruments are dealt in this market.
FORMALISED MARKET.
a)Regulated market; These markets are controlled by Statutory measures. Produce exchanges,Stock exchanges are example of this.
b)UNREGULATED OR FREE MARKETS.
These markets are uncontrolled. They are left and mostly operate a cording to demand and supply on the basis of the nature of delivery of goods.
c)SPOT MARKET.
It is part of organised market such as commodity exchange. Here physical delivery of goods takes place immediately.
d)FUTURE MARKET.
It is just opposite to spot market no physical delivery of goods takes place and only future contracts are made.
The critical importance of the customers and their behaviour rapid changes in consumer demands,however left the manufacturing organisation in turmoil.
These factors have forced the products to accept"Consumer orientation"as the marketing Philosophy for their firms if they ever wanted the bargaining power. This is exactly the most distinguishing feature of modern marketing. To day all organisations a error that the marketing activities must pay far ahead of production. It is not enough if the activities are begun after the product is ready. The company appreciates and understands the consumer's strategic position as a determination of the firm's survival and growth. Thus marketing through its studies and resesrch will determine for the engineer.,designer and the manufacturing man,the customer wants to know at what price he is willing to pay and where and when it will be wanted.Marketing would have  authority over product innovation and planning production.scheduling as well as over the sales distributors and servicing of the product. 
FUNCTIONS OF MARKETING.PROCESS....