Question

Distinguish between Wholesale and Retail.

Answer 1

Answer

Wholesale :

1. Wholesale is a business in which goods are sold in large quantities to the retailers, industries and other buisness.

2. The price of the goods are lower.

3. It requires a huge amount of capital.

4. A wholesaler generally sells only a particular type of item.

Retail :

1. Retail business is when goods are sold to the final consumer in small slots.

2. The price of the goods are comparatively higher.

3. It requires little amount of capital.

4. A retailer may or may not sell a particular type of item.