Question

what is Retail and wholesale markets ? explain​

Answer 1

Answer:

The retail and wholesale market consists of sales of wholesale and retail services and related goods by entities (organizations, sole traders and partnerships) that provide the service of making goods available to consumers in convenient quantities and locations.

Explanation:

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Answer 2

The word wholesale simply means selling in bulk quantities and retail stands for selling merchandise in small quantities. While a wholesaler sells goods to the businesses, as they purchase goods to sell it further. On the other hand, a retailer targets final consumer and sells goods to them.

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