difference between wholesale trade and retail trade
Answers
Answered by
9
Wholesaling, jobbing, or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers and related subordinated services. In general, it is the sale of goods to anyone other than a standard consumer.
Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain.
Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain.
Answered by
28
Meaning
Wholesale: it is a business in which goods are sold in large quantities to the retailers, industries and other businesses.Creates link between Manufacturer and Retailer. Price Lower. Competition Less. Volume of transaction Large .
Retail: When the goods are sold to the final consumer in small lots, then this type of business is termed as retail.Creates link between Wholesaler and Customer. Price Comparatively higher. Competition very high. Volume of transaction Small.
HOPE IT HELPS YOU
PLZ MARK ME AS BRAINELIST
#BE BRIANLY
Wholesale: it is a business in which goods are sold in large quantities to the retailers, industries and other businesses.Creates link between Manufacturer and Retailer. Price Lower. Competition Less. Volume of transaction Large .
Retail: When the goods are sold to the final consumer in small lots, then this type of business is termed as retail.Creates link between Wholesaler and Customer. Price Comparatively higher. Competition very high. Volume of transaction Small.
HOPE IT HELPS YOU
PLZ MARK ME AS BRAINELIST
#BE BRIANLY
jyotsana28:
no thank you
Similar questions