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Investigate market as relationships between businesses and customers.
Member rating: No Rating | Words: 2972 | Submitted: Mon Nov 05 2007
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In this report, I am going to investigate business and economics in selected businesses. In this first task my learning outcome is as follows - Investigate market as relationships between businesses and customers. This report is going to fulfill this learning outcome by investigating the fast food restaurant McDonalds and by researching supply and demand schedules and what factors affect them. A Market is any place or process that brings together buyers and sellers with a view to agreeing a price. There are many different markets within the uk. They include - 1. Organised markets - commodities e.g. rubber, oil, sugar, wheat, gold, copper, etc. 2. Financial markets - stocks, shares, currencies, financial instruments 3. Goods markets - the supply and demand of goods and services in general, food, clothing, leisure, houses, cars, etc. 4. Factor markets - the supply and demand of factors of production - land, labour and capital McDonald's marketplace is the goods...
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