BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Wholesaling includes all the activities involved in selling goods and services to those buying them for resale or business use. Firms engaged primarily in wholesaling activities are called wholesalers.

Detailed explanation-2: -TYPES OF WHOLESALERS The three categories used in the Census of Wholesale Trade are: 1) merchant wholesalers; 2) agents, brokers, and commission merchants; and manufacturers’ sales branches and offices.

Detailed explanation-3: -Wholesaling is the act of buying goods in bulk from a manufacturer at a discounted price and selling to a retailer for a higher price, for them to repackage and in turn resell in smaller quantities at an even higher price to consumers.

Detailed explanation-4: -Functions of Wholesalers – 8 Main Functions: Assembling, Buying, Warehousing, Transporting, Financing, Risk Bearing, Providing Market Information and a Few Others.