Explain the functions of wholesalers.
Answers
Explanation:
Wholesalers are individuals who buy goods and commodities from manufacturers in large quantities to further sell to retailers.
The function of whole sellers:
1. Wholesalers buy and sell goods in large quantities from manufacturers, assemble them in one place in a warehouse to resell to retailers.
2. Wholesalers only deal with a few types of products.
3. Wholesalers act as middlemen between retailers and producers.
4. Wholesalers usually make cash purchases and sell goods on credit to the retailers.
5. Wholesalers assemble goods and grade them according to their quality to supply them to retailers.
6. Wholesalers purchase and transport goods to their godowns for supply to retailers.
Answer:
Answer: There are 8 main functions, out of which 3 will be explained.
- Assembling
- Storage
- Grading and Packing
- Facilitating disbursement of goods and sales
-Transportation
- Financing
- Risk Bearing
- Providing Market Information
- Bulk sale
Explanation: