2. WHOLESALE TRADE
Wholesale trade is a form of trade in which goods are
purchased and stored in large quantity and sold in batches
of a designated quantity, to resellers, but not to the final
consumers.
The traders dealing in wholesale trade are called
‘wholesale traders’or ‘wholesalers’.
3. CHARACTERSTICS OF WHOLESALE
TRADE
Wholesaler buy and sell goods in large quantities.
He deals only in few types of products
He act as a middleman between the producers and retailers.
He usually makes cash purchases and sells goods on credit to
the consumers.
4. SERVICES OF WHOLESALERS
SERVICES TO MANUFACTURERS
Facilitating large scale production.
Bearing risk.
Financial assistance.
Expert advice
Help in marketing function.
Facilitate production continuity.
Storage.