Many leading companies have started retail outlets to sell consumer items how is it helpful for buyers
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Explanation:
In the world of retail, relationships between wholesalers, manufacturers, and customers are shifting. For decades, most manufacturers did not sell directly to customers. Wholesalers served as middlemen by purchasing items in bulk from the makers and sell them to consumers at a higher rate
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In the retail world, connections are evolving between wholesalers, manufacturers, and buyers. Most manufacturers have not sold directly to customers for decades.
Explanation:
- Wholesalers operated as intermediaries by buying items from the vendors throughout bulk and selling them at a higher rate to consumers. A supermarket that offers products or services in smaller quantities to the general public.
- A company that operates as a retail outlet may typically buy products at a volume discount either from distributors or wholesale vendors and then mark them up in price for distribution to end consumers.
Learn more about retail outlets
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