Wholesale Markets Overview

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

To facilitate the buying of goods in bulk, followed by reselling in smaller quantities.

They act as a link between producers and retailers.

Fruits, vegetables, food grains, textiles, medicines, or paper.

<p>Wholesalers typically specialize in one or two items.</p> Signup and view all the answers

<p>The main purpose is for reselling to consumers.</p> Signup and view all the answers

A market where goods are bought in bulk and sold in smaller quantities to resellers.

Wholesalers act as intermediaries between producers and retailers, facilitating the distribution of goods.

Wholesalers often specialize in one or two types of products to manage inventory and expertise.

Common items sold in wholesale markets include fruits, vegetables, textiles, and more.

Signup and view all the flashcards

Goods are primarily bought in wholesale for the purpose of reselling them in smaller quantities.

Signup and view all the flashcards

Wholesale markets are places where goods are purchased in large quantities from producers and then sold in smaller amounts to retailers.
The primary purpose of these purchases is resale.
Common products sold in wholesale markets include fruits, vegetables, grains, textiles, medicines, and paper.
Wholesalers act as intermediaries between producers and retailers.
Wholesalers often specialize in one or two specific product types.