How does market information provided by the wholesalers benefit the manufacturers?
Answers
Answer:
Market information provided by the wholesalers benefit the manufacturers with the following services :
(1). Information on demand :
The wholesaler inform the producers about the interest for goods and the position of demand in the market.
(2). A large size of production :
It is the wholesaler who makes possible the large scale production by providing a producer with bulk order.
(3). Facility of sales organisation :
The wholesaler buys the goods in bulk quantity from the producers. The Manufacturer therefore need not to constitute a sales organizations separately.
(4) A facility of Advertisement :
The wholesaler sells its product and gives advertisement in large quantity.
(5) Financial assistance :
The wholesaler sometimes, provided the manufacturers with the financial assistance by advancing loans and advance payments for goods
(6) Inventory of goods :
The wholesaler maintain sufficient stock of the goods with it. The manufacturer ,therefore need not to make a separate arrangement for storage of goods.
(7) Standardization of goods :
The wholesaler also discharges the function of grading and developing the standards for the goods.
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manufacturers tell only the price of that goods ( product ) the give information about that goods
but wholesaler add the shipping charges on it and
remove its original price of goods
and add different information
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