COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
an intermediary between manufacturer and retailers which buys in large quantities and resells in smaller quantities
|
|
|
a person that buys products and manufactures and resells to ultimate consumer
|
Detailed explanation-1: -The wholesaler buys goods on a large scale to sell them at a profit in smaller quantities. He buys from the producers that are the extractor or manufacturer and sell to the retailers and are, therefore, the connecting link between these two.
Detailed explanation-2: -Intermediaries: wholesalers Wholesalers act as intermediaries between manufacturers and retailers. They buy products from manufacturers or farmers and sell them to retailers. Products are purchased in huge quantities from the manufacturer, and the wholesaler distributes them to retailers.
Detailed explanation-3: -Merchant wholesalers, which are also simply called wholesalers, buy products from manufacturers in bulk and then resell them, usually to retailers or other businesses.
Detailed explanation-4: -Wholesale intermediaries are businesses that distribute products or services from producers to retail intermediaries, who then sell the products to individual consumers. You can think of the intermediary as one of the middlemen between a producer and a consumer.