Business Studies, asked by riteshdubay3, 9 hours ago

wholesaler business information​

Answers

Answered by krushnapatil2113
1

Answer:

Wholesale is the business of buying goods in large quantities from manufacturers or producers and selling smaller quantities to retailers, who will then sell smaller quantities to their customers.

Answered by shrutisinghrajput142
0

Answer:

Wholesalers are not manufacturers. Theirbusiness is distributing the end products. They purchase goods from manufacturers in bulk at a discount and sell to retailers. Wholesalers also provide cost savings to retailers when retailers buy in bulk from the wholesaler.

Explanation:

Wholesaling is the act of selling your products in bulk to another retailer, usually at a discounted price, who then sells the product to their customers. ... As a wholesaler, you can sell to both consumers and other retailers. You don't have to choose one or the other.

6 steps to starting a wholesale business

Decide what you want to sell.

Choose a business name and entity.

Write a business plan.

Get a wholesale license and other permits.

Apply for an employer identification number.

Figure out logistics.

Expand your product lines and service.

Increase your marketing efforts.

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