Like transportation and material moving workers, installation, maintenance, and repair occupations may have some room for advancement. Some installation, maintenance, and repair workers set up, service, and repair these goods. For example, they may be trained for jobs as industrial truck and tractor operators. The consumption and production of marketed food are spatially separated. The latter are generally found only in larger developing countries where they are located in district or regional cities, taking the bulk of their produce from rural assembly markets that are located in production areas The distinction between rural assembly markets and secondary wholesale markets is that secondary wholesale markets are in permanent operation rather than being seasonal in nature or dealing in specialized produce , larger volumes of produce are traded than at the rural assembly markets and specialized functions may be present, such as commission agents and brokers. Senior level management may receive additional benefits, such as bonuses and a company car. Wholesale trade firms are essential to the economy.
There are rules and regulations for membership depending on the constitution of the association. Currently, several large firms in the industry have formal management training programs that train college graduates for management positions, and the number of these programs will probably grow. Wholesale markets still have a role in the marketing of produce but the traditional fresh meat and fish wholesale markets, particularly those dealing with live produce, are generally being closed down in major urban centres. Shipping, receiving, and traffic clerks check the contents of shipments, verifying condition, quantity, and sometimes shipping costs. Working men at the the fruit wholesale market in Kolkata, India. On the other hand, the growth of supermarkets in many regions has seen the development of direct marketing and a reduced role for wholesale systems.
In developing countries the linkage between the producer and the retailer is still usually provided by assembly and markets, where wholesale marketing takes place using a variety of transaction methods. Job prospects are still expected to be good for some occupations. Consolidation and the spread of new technology are the main reasons for slow employment growth. The market where the number of buyers and sellers is large, homogeneous of products are bought and sold, same price of similar type products is determined from free interaction between demand and supply is called perfect market. Great photo opportunities can be found at markets around the world. However, any additional education or previous experience is considered an asset by many employers. Customers also may purchase items for use in the course of daily operations, as when a corporation buys office furniture, paper clips, or computers.
Outsiders can do such transactions only through matters acting as brokers. Working men at the the fruit wholesale market in Kolkata, India. They have also international significance. Thus, it plays an important role in the sphere of import and export trade. This may include promotion to a sales position or to becoming a first-line supervisor. For example, first-line supervisors may move up to senior level management or receive more responsibilities. These may be either raw materials or manufactured products.
On the whole in India there are organised markets for wheat, cotton, jute, jute goods, tea and oilseeds. Wages in selected occupations in wholesale trade appear in table 2. Establishments in this part of wholesale trade are engaged in wholesaling goods, such as paper and paper products, chemicals and chemical products, drugs, textiles and textile products, apparel, footwear, groceries, farm products, petroleum and petroleum products, alcoholic beverages, books, magazines, newspapers, flowers and nursery stock, and tobacco products. We were on our way to the much praised flower market below Howrah Bridge, and decided to start walking from M. There are again short term and long term markets which are based on terms of time.
Customers of wholesale trade firms buy goods for use in making other products, as in the case of a bicycle manufacturer that purchases steel tubing, wire cables, and paint. The goods cannot be produced according to the demand for adjustment of supply by expanding or changing the existing machines and equipment. Employers prefer candidates with an associate or bachelor's degree in business, marketing, industrial distribution, or a related field. When goods are delivered on the day of sale, the delivery is called spot ready. Many types of administrative support workers are needed to control inventory. It provides a market for buying and selling of stocks and shares of different industrial and commercial institutions. Workers in some automated warehouses use computer-controlled storage and retrieval systems that further reduce labor requirements.
Types of Transactions in Commodity Markets: Broadly speaking there are two types of transactions — Cash and Futures. Bananas still on the stem are a very attractive fruit and are sold piece by piece. For example, New Delhi serves as a distribution centre to the south of India for apples grown in the Himalayan foothills. In addition, technological advances are affecting the skill requirements for occupations across the entire industry—from warehouse workers to truck drivers to managers. In some commodity markets only cash contracts are executed but generally commodity markets are future markets.
All these lead to uniformity in the dealings. The method adopted is generally auction sale. The markets become steady and unscrupulous middlemen cannot exploit than. The people involved in wholesaling can act simply as merchants, buying and selling produce, can be dealing in orders rather than goods, or can be agents. Every market sets up rules as regards the time within which the delivery has to be completed. On the day of our visit, the main fruits that had just arrived were oranges, pineapples and bananas.
The percentage is fixed by the authorities of the exchange. In India there is commodity market for only one kind of manufactured goods, i. Sales representatives may be known as manufacturers' representatives or agents in some wholesale trade firms. Very few new wholesale markets have been built in western countries in the last decades, although old markets have been relocated to new sites e. Market cannot be limited to any geographical border of any country.