Question

250 words about wholesale market

Answer 1

Wholesalers operate on a large-scale in the central market and act as the first outlet in distribution, usually specialising in one or a group of allied articles. Retailers operate on a small-scale and in the local markets, selling directly to the consumers a wide variety of goods to satisfy numerous and changing wants of customers.

Wholesale business needs large capital, wholesale prices and margins are relatively lower, and the business can he carried on with or without a showroom. Retail business requires limited capital, the prices and margins are relatively higher and the business requires a shop with or without display.