I can say that in other words :
Your approach are: Alternative or elasticity of Supply (many choice)
and the quantity of available or scarcity is not the factor to be Buyer/Seller market !
but the trend or situation been faced of a 'Need' between Demand and Supply (resources) is
dominant or recessive.
Indeed the factor are Multiple ones.
Quoting from [Oneuni]:
Doing sales and marketing is not so easy ? need a method/system & concept !
well planing too.
In Marketing, there are "Buyer-market" and "Seller-Market" !
what the meaning are ? explain it ?
Dear Oneuni, I meant that two auto manufacturers making 2 million cars will reman sellers market but 10 manufacturers making half million will be buyers market.
Sixer
Vishwanath Agencies
We work as an extention of your company in marketing, Consultancy and sourcing activities, keeping your interest in mind as top priority.
Sourcing-we ensure supplies and services at affordable price for quality ...
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I see.. so obviously that
- Lesser Choice of Supply sources/products & Suppliers to buy is Seller market
- More choice of Supply/product are a Buyer-Market
No matter how many are the quantity number of the supply or production.
in other words it is about the Competitors situation , right ?
thanks for the answer.
Quoting from [Oneuni]:
You got it right, Oneuni.Sixer
Vishwanath Agencies
We work as an extention of your company in marketing, Consultancy and sourcing activities, keeping your interest in mind as top priority.
Sourcing-we ensure supplies and services at affordable price for quality ...
More
Everyone had given their each point of views and definitions.
in fact there are multi-factors that influencing and impact to these.
After all of the discussion, who can make the resume and comprehensive
charts / table ?
let us close to the end it up. ?
The resume (by One Uni)
Answer of Buyer-Seller Market : effected by several factors i.e.:
1. Elasticity of Demand - Supply(by Products/ion, Consumption & Market
behavior etc). part of it: is Culture influences (trend, idola, etc)
2. Scarcity of resources (by: seasonal, design, invention, Hi-tech, nature, etc)
3. Competition (prices, same seller/company, etc )
4. Cycle/Period of Product's-age & Its Grace period.
5. Elasticity of Products it self: e.g. substitution/alternative material or similar products that can replace it/option.
March 2009