PICKFORD
Verified member
Wholesaling is a business activity responsible with the buying of goods in bulk from the manufacturer or producer and selling in small quantity to the retailer and other merchants. Wholesaling is the stage between the creation of a good or service and its ultimate distribution to an end user via retail trade channels. Traditionally, wholesale markets have been associated with physical product distribution, but there are also wholesale markets for other economic sectors such as energy and telecommunications services. The activities of a wholesaler impacts the well-being of the society for example credit facilities the wholesaler can give credit facility to manufacture some paying upfront for the products, branding and packaging of goods and services are done by the wholesaler as he received the goods or commodity from there and,the wholesaler has a duty to provide transport needed in the distribution descending and the diversification of the goods collected from the manufacturer through the sending of vehicles, motorcycles, tricycles etc. a wholesaler bears the risk as he accept responsibility for losses suffered in the cause of distribution, a wholesaler on his own carries out market research to provide flow of information relating to market situations between the manufacturer and potential buyers this in turn assist marketing of current product and development of new ones.