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Answers
question ⤵️
what is wholesale market?
answer ⤵️
The market for the sale of goods to a retailer. That is, a wholesaler receives large quantities of goods from a manufacturer and distributes them to stores, where they are sold to consumers. In theory, this enables the retailer to sell the good at a better price for the consumer.
explanation ⤵️
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 stable markets for local produce and encourages increased output and productivity.
A wholesaler is a company or person that buys products in bulk from manufacturers and sells them to retailers. Whether you want to sell online or from a retail storefront, if you're not manufacturing products yourself, you have to get products to sell from another source.
types ⤵️
- merchant wholesalers
- agents,
- brokers
- commission merchants
examples ⤵️
The most common example of a wholesaler is a company that purchases completed products from manufacturers then distributes these products to retailers, which then sell smaller quantities of the product to the end user. Some wholesalers might also buy from or sell to other wholesale companies.
Answer:
• What is a wholesale market?
☞ The market for the sale of goods to a retailer. That is, a wholesaler receives large quantities of goods from a manufacturer and distributes them to stores, where they are sold to consumers.
• What are department stores?
☞ A department store is a retail establishment offering a wide range of consumers in different areas of the store, each area ("department") specializing in a product category. ... Some stores are one of many within a larger retail chain, while others are independent retailers.