Question

Describe the role of Wholesale market in a city

Answer 1

Wholesale markets therefore play a crucial role in the vertical coordination of food markets, equilibrating supply with demand and facilitating price formation. Their role reduces per unit marketing costs, promotes stablemarkets for local produce and encourages increased output and productivity.

Answer 2

The market for the sale of goods to a retailer. That is, a wholesalerreceives large quantities of goods from a manufacturer and distributes them to stores.A wholesaler usually buys goods on cash from the producers and sells on credit to the retailer.The vertical coordination of food markets, equilibrating supply with demand and facilitating price formation. Their role reduces per unit marketing costs, promotes stable markets for local produce .