Question

what are features of wholesale trade
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Answer 1

Answer:

1. Link between producers and retailers

Wholesalers act as an important link between producer and retailer.

2. Bulk quantity

Bulk buying is another feature of wholesaling. Wholesalers buy goods in bulk quantity from producers.

3. Few product line

Wholesalers deal in the goods of certain product lines only.

4. Low profit margin

Most of the wholesalers do their business for low profit margin.

5. Sales on credit

Generally, wholesalers sell goods to retailers on credit.

6. Financial help

Wholesalers can provide financial help to producers and retailers, if needed.

7. Various services

Wholesalers also provide services such as warehousing, risk-bearing, promotion, market information specialist advice etc.

Answer 2

(I) The wholesaler generally deals in one or few items of goods.

(II) Wholesaler requires a large amount of capital to be invested in the business.

(III)Wholesaler buys goods from the manufacturer in large scale.

(IV) Wholesaler sells the goods to retailers as per their requirement.

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