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wholesale
Sign in to savethumb|The Birmingham Wholesale Markets
Wholesale is the business of buying goods in large quantities, typically at lower prices per unit, and selling them to retailers or other businesses rather than directly to consumers. It matters because it allows retailers to stock their shelves affordably and helps move large volumes of products efficiently through the supply chain.
AI-generated from the Wikipedia summary — may contain errors.
~13 min read
Encyclopedic overview
23 sectionsContents
- Definition
- Direct selling and "disintermediation"
- Other uses of the word "wholesale"
- Commercial role and core functions
- Types of wholesalers and distribution models
- Merchant wholesalers
- Large organized wholesale markets
- Agents, brokers, and commission merchants
- Cash-and-carry wholesale
- Import/export wholesalers and regional distribution hubs
- Digital wholesale and B2B platforms
- Regulation and Taxes
- Resale exemptions and sales tax (United States)
- VAT systems
- History
- Early roots
- Medieval to early modern era
- Modern era till 1900
- First half of 20th century
- Second half of 20th century
- 21st century
- See also
- References
thumb|The Birmingham Wholesale Markets
Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In general, it is the sale of goods in bulk to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesaling involves purchasing goods in bulk, usually directly from the manufacturer or source, at a discounted rate. Retailers then sell these goods to end consumers at a higher price, generating a profit.
Excerpted from Wikipedia’s “wholesale” article, available under the CC BY-SA 4.0 licence.