why is there a difference in prices between a wholesale and retail
market?
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Answer:
Explanation:
The business of selling goods to end consumers in small lots at a profit is known as Retail. Wholesale creates a link between the manufacturer and retailer whereas Retail creates a link between retailer and customer. Wholesale prices of products are lower than the retail prices
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In wholesale market products are directly come from factories thats why the prices are low whereas in retail market product has to cross several junction and at each junctions, tax is added therefore prices of products in retail market is higher as compare to wholesale market.
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