Match the following types of markets with their characteristics:

Question

Accepted Answer

Markets
Criteria

Physical market
Requires physical presence of buyers and sellers

Online market
Buyers and sellers meet virtually and can transact at any time

Domestic market
Lies within the boundaries of a nation

International market
Goods and services flow outside the nation’s boundaries

Wholesale market
Deals in bulk quantities

Retail market
Serves the final consumers with goods and services

Understanding Markets