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    Retail and Wholesale Trade

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    nacerisarra
    Retailers sell goods directly to consumers in smaller quantities, while wholesalers sell larger quantities of goods to businesses like retailers. Retailers interact more with customers through in-store interactions and customer service. Wholesalers typically sell goods at lower prices than retailers since they sell in bulk to businesses. For a new small business, it is often better to start as a retailer to establish the business before considering expanding into wholesaling.

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    © All Rights Reserved
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    Retail and Wholesale Trade

    Uploaded by

    nacerisarra
    21 views6 pages
    Retailers sell goods directly to consumers in smaller quantities, while wholesalers sell larger quantities of goods to businesses like retailers. Retailers interact more with customers through in-store interactions and customer service. Wholesalers typically sell goods at lower prices than retailers since they sell in bulk to businesses. For a new small business, it is often better to start as a retailer to establish the business before considering expanding into wholesaling.

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    Retailers sell goods directly to consumers in smaller quantities, while wholesalers sell larger quantities of goods to businesses like retailers. Retailers interact more with customers through in-store interactions and customer service. Wholesalers typically sell goods at lower prices than retailers since they sell in bulk to businesses. For a new small business, it is often better to start as a retailer to establish the business before considering expanding into wholesaling.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views6 pages

    Retail and Wholesale Trade

    Uploaded by

    nacerisarra
    Retailers sell goods directly to consumers in smaller quantities, while wholesalers sell larger quantities of goods to businesses like retailers. Retailers interact more with customers through in-store interactions and customer service. Wholesalers typically sell goods at lower prices than retailers since they sell in bulk to businesses. For a new small business, it is often better to start as a retailer to establish the business before considering expanding into wholesaling.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Retail vs. Wholesale: Understanding


    the Differences

    When starting a business, it's important to understand the difference


    between retail and wholesale to determine which option is appropriate
    for your business goals and needs. There are several criteria to consider
    when deciding which choice is best for you. One helpful first step is to
    ensure you fully comprehend what makes retail and wholesale different.
    What is wholesale?
    Wholesale or wholesalers are companies that sell goods or services to other businesses
    rather than the end user. For example, a company that sells fruit and vegetables to
    different grocery stores in the area is a wholesaler,

    In other words,,
    Wholesalers are business-to-business (B2B) organizations companies. This means
    that the wholesaler sells goods to another business rather than to a single consumer.

    What is retail?
    Retail refers to the sale of services or goods in a way that the end user directly receives
    them. An example of a retail business is a department store,

    In other words,
    Retailers are business-to-consumer (B2C) companies. This means that the products
    offered by retailers are directly available for purchase by consumers
    Customer interaction
    Retailers interact directly with customers much more frequently
    than wholesalers. Ways in which retailers deal with customers
    include talking to customers face-to-face in a physical retail
    location, answering customer questions and concerns and
    processing returns and exchanges for customers. Wholesalers
    don't interact with the end user on a regular basis because they
    send goods directly to the retailer after they sell them. This
    means that the only consumer a wholesaler typically interacts
    with is the retailer.
    Price of goods sold
    In general, retailers typically sell a product for a higher
    price than what they purchased it for from the
    wholesaler. Wholesalers typically offer their goods at a
    lower price when bought in bulk, allowing retailers to
    make a profit when selling these goods in their retail
    store. Wholesalers typically offer their products for a
    much lower price so that retailers can purchase these
    products in large quantities.
    To summarize the key differences, 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.
    Wholesalers sell a large number of products at a
    time.
    Wholesale or retail: Which is right for your
    business?
    If you’re just starting your small business, you may want to
    begin as a retailer. You likely don’t have the current ability to
    meet wholesale demands. Take time to establish your
    product and build a following. You can sell online and ship
    products to the consumer directly.
    As your brand grows and you expand your business and are
    more prepared to manufacturer large quantities of goods,
    you can consider using wholesale suppliers to put yourself
    into brick-and-mortar stores. Or you could choose to open
    brick-and-mortar stores of your own.

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