difference between retailing and wholesaling
Answers
⭐️ANSWER⭐️
Definition of retailing :- Retailing involves buying products in large quantities and selling them to consumers in small quantities for personal or household use.
Definition of wholesalaing :- Wholesaling refers to buying products in large quantities and selling them in large quantities using the consumers who buy the products for doing business .
Difference between them:-
Retailing :- In retailing products are sold in small quantities at a time.
⭐️A retailer may deal in a single product, or a many products.
⭐️Retailing is usually done through different types of shops, door to door etc.
Wholesalaing :- In wholesaling products are sold in a large quantities at one time.
⭐️A wholesaler usually deals in one product.
⭐️Wholesaling is usually done in a market place.
The word wholesale simply means selling in bulk quantities and retail stands for selling merchandise in small quantities. ... While a wholesaler sells goods to the businesses, as they purchase goods to sell it further. On the other hand, a retailer targets final consumer and sells goods to them.