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In: Economics

write an assignment 300 words on retailing and wholesaling -choose a name that can be globally...

write an assignment 300 words on retailing and wholesaling
-choose a name that can be globally recognized
and discuss about the retailing and wholesaling in it

Solutions

Expert Solution

We know that, retailers sell goods directly to the end-user, typically in small quantities. Wholesalers, on the other hand, sell goods to other store owners and others in the retail industry who then turn around and sell the goods to the end user.The word wholesale simply means selling in bulk quantities and retail stands for selling merchandise in small quantities. While a wholesaler sells goods to the businesses, as they purchase goods to sell it further. On the other hand, a retailer targets final consumer and sells goods to them.

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