why is there a difference between a wholesale and a retail market
Answers
Answer:
Retail means that you, the product manufacturer or producer sell your product directly to the consumer.
Selling wholesale means when you typically sell your product in bulk quantities.
Explanation:
A Wholesaler is a person or company who sells products in bulk to various outlets or retailers for onward sale. Wholesalers are able to sell their products for a lower unit price as they are selling in bulk, which reduces the handling time and costs involved. The Wholesaler may also be the manufacturer or producer of the product, but they don’t have to be.
Retailer
A retailer is a person or a company who sells products directly to their customers for a profit. The retailer may be the manufacturer of the product, or may acquire relevant products from a distributor or a wholesaler