Commercial Applications
On the basis of geographical area, market is classified into?
- In-house market
- Regional market
- Primary market
- Spot market
Markets & Marketing
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Answer
Regional market
Reason — On the basis of geographical area, markets are classified into local, regional, national and international markets. In-house is a non-traditional market, primary market is on the basis of position of buyers and sellers, and spot market is on the basis of nature of transactions.
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