Question

Explain the features of wholesalers.

Answer 1

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The word” wholesaler” is derived from the word “Wholesale” that means sell good in large quantity or in bulk. According to S.E Thomas “A wholesaler is a trader who purchases goods in large quantities from manufacturer and resells them to retailers in small quantities”.  

Answer 2

Following are the important features of wholesalers:

1. Assembling goods

2. Grading

3. Storage

4. Distribution of Goods

5. Transportation

6. Financing

Explanation:

• The main features of a wholesaler are to purchase the goods from producers and then selling it to the retailers.
• Wholesale trade means the trade in which traders purchase goods in big quantities from the producer and then selling them to the retails in relatively less quantity.
• The trader who is dealing in wholesale trade is called a wholesaler.