Wholesale
Wholesale is a business model in which goods are sold in bulk to retailers, businesses, or other buyers for resale. Wholesalers typically purchase goods from manufacturers or distributors in large quantities and then resell them in smaller quantities to retailers, businesses, or other buyers. This type of business model allows for a greater variety of goods to be available to consumers at a lower cost than if they were to purchase the goods directly from the manufacturer or distributor.
History of Wholesale
The concept of wholesale has been around for centuries, with the first recorded use of the term in the 14th century. Since then, the practice of wholesaling has evolved to become an integral part of the global economy. In the modern era, wholesale has become an increasingly important part of the supply chain, with wholesalers playing a key role in connecting manufacturers and retailers. Wholesalers are also responsible for providing retailers with access to a wide range of goods, allowing them to offer a greater variety of products to their customers.
Comparison of Wholesale and Retail
| Wholesale | Retail |
|---|---|
| Purchases goods in bulk from manufacturers or distributors | Purchases goods from wholesalers or manufacturers |
| Sells goods in smaller quantities to retailers, businesses, or other buyers | Sells goods directly to consumers |
| Provides retailers with access to a wide range of goods | Provides consumers with access to a wide range of goods |
| Offers goods at a lower cost than if purchased directly from the manufacturer or distributor | Offers goods at a higher cost than if purchased from a wholesaler |
Summary
Wholesale is a business model in which goods are sold in bulk to retailers, businesses, or other buyers for resale. Wholesalers typically purchase goods from manufacturers or distributors in large quantities and then resell them in smaller quantities to retailers, businesses, or other buyers. This type of business model allows for a greater variety of goods to be available to consumers at a lower cost than if they were to purchase the goods directly from the manufacturer or distributor. For more information about wholesale, you can visit websites such as Investopedia, Business Insider, and Entrepreneur.
See Also
- Retail
- Supply Chain
- Manufacturer
- Distributor
- Drop Shipping
- B2B
- B2C
- Merchant
- Inventory Management
- Logistics
