Question

What are different types of retails and the wholesalers? Discuss in detail

Answer 1

Street Hawkers- They is the people who carry their goods in cycles, tri-cycles or handcarts. They move from place to place to sell their goods.

Cheap Jacks- These people usually sell in a particular locality. But the moment they find better business prospects in some other place, they move to such a place.

Street Vendors- They is the sellers who do business in busy streets or on footpaths. Such people can be normally found near railway stations or bus stands. Fruits, flowers, vegetables etc., are the goods usually.

General Stores- These shops sell different types of goods of daily use like grains, edible oils, biscuits, chocolates, stationery items, etc.

Specialty Shops- These shops do not deal in all kinds of goods. They specialize only in a particular item. Example: Stationery items, medicines, etc.

Second-hand goods shops- As the very name suggests, these shops deal in second-hand items. Furniture, books etc., are the items usually traded.

Automatic Vending Machines- Milk, soft-drinks etc., are the products normally sold through coin-operated machines which deliver the goods without the aid of anybody.

Consumer durable shops- These shops sell all kinds of durable goods like, TV, fridge, washing machine, mixer, grinder, iron box, etc.

These are the following types of wholesalers existing in the market -

Merchant wholesalers – These wholesale suppliers own and produce a product or service and resell their products to resellers, retailers, distributors and other wholesalers.
General Wholesalers - Wholesalers that fall into this category will usually buy large quantities of products from one or more suppliers and will be intending to add value to them by reselling in smaller quantities to distributors, retailers and resellers.

Speciality Wholesalers - This type of wholesaler will resell products in a specific industry or product category, but may have products from multiple suppliers.
Specific Product Wholesalers - These are wholesalers who only supply 1 type of product for example footwear or computers. They may supply several brands but only within one product category.

Discount Wholesalers – This type of wholesaler will supply significantly discounted stock. Generally the stock is discounted because the products are discontinued lines, returned goods or refurbished goods..
On-line Wholesaler - Wholesalers who sell their products on-line offer discounted prices as they can reduce their overheads such as rent and rates of physical premises. This type of wholesaler is therefore able to add a lower percentage to their purchase price and still make margin.