Question

Difference between wholesale and retail profit at branch

Answer 1

Wholesale means the sale of goods in voluminous quantity, at a low price. The business of selling goods to end consumers in small lots at a profit is known as Retail. Wholesale creates a link between the manufacturer and retailer whereas Retail creates a link between wholesaler and customer.

Answer 2

Answer:

The term "wholesale" refers to the cheap, bulk purchase of items. Retail is the term used to describe the profitable sale of goods in small amounts to final consumers.

Explanation:

Key Differences Between Wholesale and Retail:

• Retail establishes a link between the wholesaler and the customer, whereas wholesale establishes a link between the manufacturer and the retailer.
• A specific commodity's wholesale and retail prices are significantly different from one another; that is, the wholesale price is always lower than the retail price.
• The art of selling products, which is essential in the retail sector, is not necessary in the wholesale sector.
• A wholesale company is bigger than a retail one in size.
• Since the goods must be bought in quantity in the wholesale industry.
• Compared to retail, the capital required is larger in the wholesale sector.
• When selling goods in a retail setting, the shop's design and product presentation should be appealing to draw in more and more customers. However, there is no such need in wholesale.
• While advertising is not necessary in the wholesale sector, it is necessary in the retail sector to attract customers.

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